374,935 Shares in Global-e Online Ltd. $GLBE Bought by Bienville Capital Management LLC

Bienville Capital Management LLC acquired a new position in Global-e Online Ltd. (NASDAQ:GLBE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 374,935 shares of the company’s stock, valued at approximately $13,021,000. Global-e Online accounts for approximately 1.7% of Bienville Capital Management LLC’s investment portfolio, making the stock its 19th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in GLBE. IFP Advisors Inc raised its holdings in shares of Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Global-e Online in the 4th quarter valued at about $39,000. Geneos Wealth Management Inc. boosted its holdings in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Global-e Online during the 4th quarter valued at about $72,000. Institutional investors own 94.60% of the company’s stock.

Insider Buying and Selling at Global-e Online

In related news, COO Shahar Tamari sold 28,623 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,031,000.46. Following the completion of the transaction, the chief operating officer owned 3,956,685 shares of the company’s stock, valued at $142,519,793.70. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Amir Schlachet sold 100,000 shares of Global-e Online stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $42.20, for a total value of $4,220,000.00. Following the transaction, the chief executive officer directly owned 3,965,422 shares in the company, valued at approximately $167,340,808.40. The trade was a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 658,374 shares of company stock worth $26,046,181. 11.60% of the stock is owned by insiders.

Global-e Online Price Performance

Global-e Online stock opened at $36.11 on Thursday. The firm has a 50 day simple moving average of $38.91 and a 200-day simple moving average of $34.63. The stock has a market capitalization of $6.13 billion, a PE ratio of 41.99 and a beta of 1.00. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $43.99.

Global-e Online (NASDAQ:GLBE) last announced its earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The firm had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. On average, analysts forecast that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GLBE shares. Jefferies Financial Group reissued a “buy” rating and issued a $48.00 target price on shares of Global-e Online in a report on Wednesday, August 12th. Weiss Ratings raised Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Zacks Research upgraded Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Raymond James Financial restated an “outperform” rating and set a $48.00 price objective on shares of Global-e Online in a research report on Thursday, August 13th. Finally, UBS Group set a $54.00 target price on Global-e Online and gave the company a “buy” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.69.

Global-e Online 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.