Arcadia Investment Management Corp MI Invests $59,000 in Global-E Online Ltd. (NASDAQ:GLBE)

Arcadia Investment Management Corp MI bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,087 shares of the company’s stock, valued at approximately $59,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after buying an additional 197 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Global-E Online during the third quarter worth about $32,000. Geneos Wealth Management Inc. boosted its position in Global-E Online by 1,968.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after purchasing an additional 748 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Global-E Online in the third quarter valued at approximately $87,000. Finally, Quarry LP increased its position in shares of Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $88,000 after purchasing an additional 1,585 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Stock Down 3.3 %

Shares of NASDAQ:GLBE opened at $45.07 on Friday. Global-E Online Ltd. has a 12-month low of $28.11 and a 12-month high of $63.69. The business has a 50 day moving average of $56.49 and a 200-day moving average of $45.65. The stock has a market cap of $7.40 billion, a PE ratio of -102.43, a P/E/G ratio of 5.03 and a beta of 1.23.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.60% and a negative net margin of 10.04%. The business had revenue of $262.91 million during the quarter, compared to analysts’ expectations of $250.96 million. During the same period last year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. Equities research analysts expect that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GLBE shares. Jefferies Financial Group increased their price objective on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Raymond James increased their price target on shares of Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. KeyCorp boosted their price objective on shares of Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Wells Fargo & Company raised their target price on shares of Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, UBS Group reduced their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a report on Friday. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.58.

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.