2,252 Shares in Global-E Online Ltd. (NASDAQ:GLBE) Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC bought a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) in the third quarter, HoldingsChannel reports. The institutional investor bought 2,252 shares of the company’s stock, valued at approximately $87,000.

Several other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Global-E Online during the third quarter valued at approximately $32,000. Toronto Dominion Bank bought a new stake in Global-E Online during the 2nd quarter valued at $40,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Global-E Online by 18.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock valued at $146,000 after acquiring an additional 624 shares during the period. Russell Investments Group Ltd. raised its position in shares of Global-E Online by 15.2% in the 1st quarter. Russell Investments Group Ltd. now owns 5,911 shares of the company’s stock worth $215,000 after acquiring an additional 780 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Global-E Online during the 2nd quarter worth $220,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley downgraded shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price for the company. in a report on Friday, October 18th. Bank of America lowered their target price on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. UBS Group reduced their price target on Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a research report on Thursday, August 15th. Finally, KeyCorp reduced their target price on Global-E Online from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.09.

Global-E Online Trading Down 2.9 %

Shares of NASDAQ:GLBE opened at $41.02 on Friday. Global-E Online Ltd. has a twelve month low of $27.30 and a twelve month high of $43.52. The company has a market cap of $6.74 billion, a PE ratio of -63.11 and a beta of 1.10. The company’s 50 day moving average is $38.00 and its 200 day moving average is $34.72.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $168.00 million for the quarter, compared to analyst estimates of $165.95 million. Global-E Online had a negative net margin of 17.33% and a negative return on equity of 16.41%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) earnings per share. Equities research analysts predict that Global-E Online Ltd. will post -0.5 earnings per share for the current fiscal year.

Global-E Online Company 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.