State of Wyoming Acquires 23,210 Shares of Global-e Online Ltd. $GLBE

State of Wyoming grew its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 62.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,299 shares of the company’s stock after buying an additional 23,210 shares during the quarter. State of Wyoming’s holdings in Global-e Online were worth $1,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP increased its stake in Global-e Online by 231.8% during the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after acquiring an additional 2,392,124 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Global-e Online by 68.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after purchasing an additional 2,387,242 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Global-e Online by 1,539.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after purchasing an additional 2,131,047 shares during the period. Arohi Asset Management PTE Ltd. boosted its holdings in shares of Global-e Online by 91.0% in the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after purchasing an additional 1,345,156 shares during the period. Finally, Norges Bank bought a new position in shares of Global-e Online during the 4th quarter valued at approximately $51,104,000. Institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GLBE shares. Raymond James Financial restated an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a report on Wednesday, May 13th. Truist Financial upgraded shares of Global-e Online from a “hold” rating to a “buy” rating and boosted their price objective for the company from $34.00 to $39.00 in a research report on Wednesday, June 10th. Zacks Research downgraded shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $40.00 target price on shares of Global-e Online in a research note on Wednesday, May 13th. Finally, UBS Group lowered their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.33.

Insider Activity

In other news, COO Shahar Tamari sold 24,999 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $36.81, for a total value of $920,213.19. Following the transaction, the chief operating officer directly owned 3,931,686 shares in the company, valued at approximately $144,725,361.66. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Amir Schlachet sold 24,999 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $37.09, for a total transaction of $927,212.91. Following the completion of the transaction, the chief executive officer owned 4,116,728 shares in the company, valued at approximately $152,689,441.52. The trade was a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 319,914 shares of company stock valued at $10,989,302. 11.60% of the stock is currently owned by company insiders.

Global-e Online Stock Performance

Shares of GLBE stock opened at $35.55 on Thursday. The stock has a 50 day moving average price of $33.55 and a 200 day moving average price of $33.82. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $41.94. The firm has a market capitalization of $6.03 billion, a P/E ratio of 54.69 and a beta of 1.06.

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.