Moody National Bank Trust Division Purchases 12,300 Shares of Global-e Online Ltd. $GLBE

Moody National Bank Trust Division raised its position in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 39.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,765 shares of the company’s stock after purchasing an additional 12,300 shares during the period. Moody National Bank Trust Division’s holdings in Global-e Online were worth $1,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wasatch Advisors LP raised its holdings in shares of Global-e Online by 231.8% during the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after buying an additional 2,392,124 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after acquiring an additional 2,387,242 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Global-e Online by 1,539.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after acquiring an additional 2,131,047 shares in the last quarter. Arohi Asset Management PTE Ltd. lifted its holdings in shares of Global-e Online by 91.0% in the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after acquiring an additional 1,345,156 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Global-e Online in the 4th quarter worth approximately $51,104,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Trading Up 0.1%

GLBE stock opened at $41.57 on Thursday. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 63.95 and a beta of 1.03. The firm’s 50-day moving average price is $35.50 and its two-hundred day moving average price is $33.78. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $42.38.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a research note on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.83.

Insider Buying and Selling

In other Global-e Online news, CEO Amir Schlachet sold 24,999 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $41.23, for a total transaction of $1,030,708.77. Following the completion of the transaction, the chief executive officer owned 4,066,730 shares of the company’s stock, valued at $167,671,277.90. This represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Nir Debbi sold 14,582 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $40.11, for a total value of $584,884.02. Following the completion of the sale, the president owned 4,430,285 shares of the company’s stock, valued at approximately $177,698,731.35. This trade represents a 0.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 330,330 shares of company stock valued at $11,666,473 over the last ninety days. 11.60% of the stock is owned by insiders.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.