FDx Advisors Inc. Makes New $266,000 Investment in Global-E Online Ltd. (NASDAQ:GLBE)

FDx Advisors Inc. purchased a new position in Global-E Online Ltd. (NASDAQ:GLBE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,881 shares of the company’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in Global-E Online by 69.1% in 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 period. Geneos Wealth Management Inc. grew its stake 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 acquiring an additional 748 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Global-E Online in the third quarter valued at $32,000. Blue Trust Inc. increased its position in Global-E Online by 696.1% in the fourth quarter. Blue Trust Inc. now owns 2,030 shares of the company’s stock worth $111,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Global-E Online in the third quarter worth $87,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

Global-E Online Price Performance

Shares of GLBE stock opened at $45.07 on Friday. Global-E Online Ltd. has a 1-year low of $28.11 and a 1-year high of $63.69. The firm has a market cap of $7.40 billion, a PE ratio of -102.43, a price-to-earnings-growth ratio of 5.03 and a beta of 1.23. The company has a 50-day moving average of $56.49 and a two-hundred day moving average of $45.65.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company lifted their price target on Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. JMP Securities increased their price target on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research report on Thursday, November 21st. Needham & Company LLC upped their target price on Global-E Online from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley raised their target price on Global-E Online from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Raymond James boosted their price objective on Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.58.

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.