Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Global-E Online Ltd. (NASDAQ:GLBE) by 465.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,879 shares of the company’s stock after buying an additional 20,477 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Global-E Online were worth $986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLBE. Asset Management One Co. Ltd. lifted its holdings in shares of Global-E Online by 1.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 39,692 shares of the company’s stock worth $1,602,000 after acquiring an additional 437 shares during the last quarter. RiverPark Advisors LLC bought a new stake in shares of Global-E Online in the 3rd quarter worth approximately $26,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Global-E Online by 9.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,572 shares of the company’s stock worth $341,000 after acquiring an additional 711 shares during the last quarter. Values First Advisors Inc. lifted its holdings in shares of Global-E Online by 3.6% in the 4th quarter. Values First Advisors Inc. now owns 22,754 shares of the company’s stock worth $902,000 after acquiring an additional 784 shares during the last quarter. Finally, OneAscent Financial Services LLC lifted its holdings in shares of Global-E Online by 15.6% in the 4th quarter. OneAscent Financial Services LLC now owns 6,528 shares of the company’s stock worth $259,000 after acquiring an additional 880 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

GLBE has been the subject of a number of recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $40.00 price target on shares of Global-E Online in a report on Monday, April 1st. Piper Sandler reiterated an “overweight” rating and set a $50.00 price target on shares of Global-E Online in a report on Thursday, February 22nd. The Goldman Sachs Group upped their price target on shares of Global-E Online from $36.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Global-E Online in a report on Friday, April 5th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Global-E Online Trading Up 2.4 %

Shares of Global-E Online stock opened at $33.61 on Monday. The company’s fifty day simple moving average is $34.74 and its two-hundred day simple moving average is $36.21. The company has a market cap of $5.52 billion, a P/E ratio of -41.49 and a beta of 1.10. Global-E Online Ltd. has a 12-month low of $26.01 and a 12-month high of $45.72.

Global-E Online (NASDAQ:GLBE) last released its earnings results on Wednesday, February 21st. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Global-E Online had a negative return on equity of 19.33% and a negative net margin of 23.48%. The business had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.74 million. During the same period in the prior year, the company earned ($0.18) earnings per share. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. Analysts predict that Global-E Online Ltd. will post -0.5 EPS for the current fiscal year.

Global-E Online Profile

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.