Nir Debbi Sells 4,166 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of Global-e Online stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $32.57, for a total transaction of $135,686.62. Following the completion of the transaction, the president owned 4,290,693 shares of the company’s stock, valued at $139,747,871.01. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Nir Debbi also recently made the following trade(s):

• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The shares were sold at an average price of $34.16, for a total transaction of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The shares were sold at an average price of $34.67, for a total transaction of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total transaction of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total transaction of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $31.26, for a total transaction of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Stock Performance

Global-e Online stock traded down $1.02 during mid-day trading on Tuesday, reaching $31.38. The company’s stock had a trading volume of 854,534 shares, compared to its average volume of 1,453,323. Global-e Online Ltd. has a 12-month low of $27.80 and a 12-month high of $43.21. The company has a market capitalization of $5.33 billion, a P/E ratio of 84.85 and a beta of 1.18. The firm’s fifty day moving average price is $32.85 and its two-hundred day moving average price is $35.60.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group cut their price target on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Benchmark raised their price target on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Weiss Ratings raised shares of Global-e Online from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, March 27th. BMO Capital Markets assumed coverage on shares of Global-e Online in a report on Tuesday, April 21st. They issued an “outperform” rating and a $42.00 price target for the company. Finally, Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $46.77.

Hedge Funds Weigh In On Global-e Online

Hedge funds and other institutional investors have recently modified their holdings of the company. Vitruvian Partners LLP boosted its stake in Global-e Online by 23.1% in the third quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock worth $6,167,000 after buying an additional 32,405 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Global-e Online by 16.1% in the third quarter. Penserra Capital Management LLC now owns 127,667 shares of the company’s stock worth $4,564,000 after buying an additional 17,676 shares in the last quarter. Annex Advisory Services LLC lifted its stake in Global-e Online by 64.4% in the fourth quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock worth $25,159,000 after purchasing an additional 250,625 shares during the last quarter. NZS Capital LLC lifted its stake in Global-e Online by 39.3% in the third quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock worth $33,995,000 after purchasing an additional 268,328 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Global-e Online by 50.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 775,000 shares of the company’s stock worth $27,714,000 after purchasing an additional 260,000 shares during the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.