Marshall Wace LLP Has $23.85 Million Stock Position in Global-E Online Ltd. (NASDAQ:GLBE)

Marshall Wace LLP raised its position in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 951.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 437,421 shares of the company’s stock after purchasing an additional 395,809 shares during the quarter. Marshall Wace LLP’s holdings in Global-E Online were worth $23,853,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its position in shares of Global-E Online by 1.5% during the fourth quarter. Clearbridge Investments LLC now owns 2,268,618 shares of the company’s stock worth $123,708,000 after buying an additional 34,391 shares during the period. JPMorgan Chase & Co. boosted its position in Global-E Online by 40.7% during the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock valued at $70,979,000 after acquiring an additional 533,675 shares during the last quarter. American Century Companies Inc. grew its holdings in Global-E Online by 9.1% during the 4th quarter. American Century Companies Inc. now owns 1,209,833 shares of the company’s stock worth $65,972,000 after acquiring an additional 100,445 shares during the period. Geode Capital Management LLC raised its position in shares of Global-E Online by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 972,025 shares of the company’s stock worth $52,809,000 after acquiring an additional 38,549 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Global-E Online by 3.5% during the fourth quarter. Wellington Management Group LLP now owns 923,051 shares of the company’s stock worth $50,334,000 after purchasing an additional 31,019 shares during the period. Institutional investors own 94.60% of the company’s stock.

Global-E Online Trading Up 1.4 %

Shares of NASDAQ:GLBE opened at $32.44 on Friday. The stock has a market cap of $5.49 billion, a PE ratio of -73.73, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36. The stock’s fifty day simple moving average is $39.80 and its two-hundred day simple moving average is $46.03. Global-E Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69.

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, beating analysts’ consensus estimates of ($0.01) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The company had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same period last year, the firm earned $0.22 earnings per share. The firm’s revenue was up 41.8% on a year-over-year basis. On average, sell-side analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on GLBE shares. UBS Group cut their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Benchmark cut their target price on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley upgraded shares of Global-E Online from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $55.00 to $46.00 in a report on Wednesday, March 26th. The Goldman Sachs Group reduced their target price on Global-E Online from $59.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, KeyCorp increased their price target on Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Global-E Online currently has an average rating of “Buy” and an average price target of $57.00.

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.