Trexquant Investment LP Makes New Investment in Global-E Online Ltd. (NASDAQ:GLBE)

Trexquant Investment LP bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 120,090 shares of the company’s stock, valued at approximately $6,549,000. Trexquant Investment LP owned 0.07% of Global-E Online at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GLBE. Charles Schwab Investment Management Inc. lifted its holdings in Global-E Online by 10.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 71,151 shares of the company’s stock valued at $2,735,000 after purchasing an additional 6,485 shares during the last quarter. FMR LLC lifted its stake in shares of Global-E Online by 4.1% during the 3rd quarter. FMR LLC now owns 979,371 shares of the company’s stock valued at $37,647,000 after buying an additional 38,597 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Global-E Online by 23.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 51,950 shares of the company’s stock worth $1,997,000 after buying an additional 10,000 shares during the period. Quarry LP grew its stake in Global-E Online by 226.1% in the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after buying an additional 1,585 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Global-E Online during the 3rd quarter valued at $252,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Down 9.0 %

NASDAQ GLBE opened at $29.18 on Friday. The stock’s 50-day simple moving average is $46.39 and its two-hundred day simple moving average is $46.46. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month high of $63.69. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of -66.32, a PEG ratio of 4.61 and a beta of 1.30.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings data 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. The company had revenue of $262.91 million for the quarter, compared to analysts’ expectations of $250.96 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. Global-E Online’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period last year, the firm posted $0.22 EPS. On average, equities analysts expect that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GLBE has been the subject of several recent research reports. Morgan Stanley upgraded Global-E Online from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $55.00 to $46.00 in a research report on Wednesday, March 26th. UBS Group decreased their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Piper Sandler raised their price objective on shares of Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. KeyCorp upped their target price on shares of Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company cut their price target on shares of Global-E Online from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $57.00.

Global-E Online 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.