Ofer Koren Sells 300 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) CFO Ofer Koren sold 300 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $38.00, for a total value of $11,400.00. Following the completion of the transaction, the chief financial officer owned 153,189 shares of the company’s stock, valued at approximately $5,821,182. This represents a 0.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ofer Koren also recently made the following trade(s):

• On Tuesday, September 8th, Ofer Koren sold 12,500 shares of Global-e Online stock. The stock was sold at an average price of $36.68, for a total transaction of $458,500.00.

Global-e Online Trading Up 3.9%

GLBE stock opened at $38.38 on Friday. The firm has a 50 day moving average of $38.94 and a 200-day moving average of $34.72. The firm has a market capitalization of $6.51 billion, a P/E ratio of 44.63 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 quarterly earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The firm had revenue of $299.00 million during the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. Sell-side analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current year.

Hedge Funds Weigh In On Global-e Online

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Global-e Online by 3,232.4% in the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after purchasing an additional 2,037,962 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares in the last quarter. Norges Bank bought a new stake in shares of Global-e Online during the 4th quarter valued at about $51,104,000. Bienville Capital Management LLC purchased a new position in shares of Global-e Online during the second quarter valued at about $13,021,000. Finally, Legal & General Group Plc increased its position in shares of Global-e Online by 105.3% during the fourth quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock valued at $22,727,000 after buying an additional 296,466 shares during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on GLBE. Zacks Research upgraded Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. UBS Group set a $54.00 price target on Global-e Online and gave the company a “buy” rating in a research report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and set a $48.00 price objective on shares of Global-e Online in a report on Wednesday, August 12th. Benchmark restated a “buy” rating on shares of Global-e Online in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.69.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.