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

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $31.26, for a total transaction of $130,229.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Trading Up 0.4%

Shares of GLBE stock opened at $31.18 on Friday. The company has a market cap of $5.29 billion, a P/E ratio of 84.27 and a beta of 1.28. The firm has a fifty day moving average price of $33.93 and a 200 day moving average price of $36.17. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $43.21.

Institutional Trading of Global-e Online

Several institutional investors and hedge funds have recently made changes to their positions in GLBE. Vitruvian Partners LLP boosted its holdings in shares of Global-e Online by 23.1% in the third quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock valued at $6,167,000 after acquiring an additional 32,405 shares during the period. Penserra Capital Management LLC grew its position in Global-e Online by 16.1% during the 3rd quarter. Penserra Capital Management LLC now owns 127,667 shares of the company’s stock worth $4,564,000 after purchasing an additional 17,676 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased 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 valued at $27,714,000 after purchasing an additional 260,000 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Global-e Online in the third quarter valued at about $7,838,000. Finally, Brown Capital Management LLC boosted its stake in shares of Global-e Online by 10.0% during the third quarter. Brown Capital Management LLC now owns 2,389,842 shares of the company’s stock worth $85,461,000 after buying an additional 216,304 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on GLBE. Benchmark increased their price objective on Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Truist Financial lowered their price target on Global-e Online from $43.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 26th. Weiss Ratings upgraded shares of Global-e Online from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, March 27th. UBS Group cut their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Bank of America began coverage on shares of Global-e Online in a research report on Tuesday. They set a “buy” rating and a $43.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.58.

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.