Chicago Partners Investment Group LLC Has $1.01 Million Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Chicago Partners Investment Group LLC cut its position in Global-E Online Ltd. (NASDAQ:GLBE) by 20.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,715 shares of the company’s stock after selling 6,756 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Global-E Online were worth $1,005,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank bought a new position in shares of Global-E Online in the 2nd quarter valued at about $40,000. RiverPark Advisors LLC grew its holdings in Global-E Online by 360.9% during the first quarter. RiverPark Advisors LLC now owns 3,650 shares of the company’s stock worth $133,000 after purchasing an additional 2,858 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Global-E Online by 18.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock worth $146,000 after purchasing an additional 624 shares during the period. Russell Investments Group Ltd. increased its position in Global-E Online by 15.2% during the first quarter. Russell Investments Group Ltd. now owns 5,911 shares of the company’s stock worth $215,000 after buying an additional 780 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Global-E Online in the second quarter valued at approximately $220,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Stock Down 0.3 %

Shares of Global-E Online stock opened at $38.33 on Monday. The firm’s 50-day moving average price is $36.86 and its two-hundred day moving average price is $34.30. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of -58.97 and a beta of 1.10. Global-E Online Ltd. has a 12-month low of $27.30 and a 12-month high of $42.88.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. Global-E Online had a negative net margin of 17.33% and a negative return on equity of 16.41%. The business had revenue of $168.00 million for the quarter, compared to analysts’ expectations of $165.95 million. During the same period last year, the firm posted ($0.22) earnings per share. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. On average, sell-side analysts expect that Global-E Online Ltd. will post -0.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on GLBE. UBS Group dropped their price target on Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research note 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. Bank of America reduced 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 report on Thursday, August 15th. Piper Sandler reissued a “buy” rating on shares of Global-E Online in a report on Friday, October 18th. Finally, JMP Securities restated a “market outperform” rating and set a $46.00 price objective on shares of Global-E Online in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Global-E Online presently has a consensus rating of “Moderate Buy” and an average target price of $43.09.

About Global-E Online

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.