Global-e Online Ltd. $GLBE is Whitebark Investors LP’s 7th Largest Position

Whitebark Investors LP lifted its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 216.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,100 shares of the company’s stock after buying an additional 152,600 shares during the quarter. Global-e Online comprises about 4.7% of Whitebark Investors LP’s holdings, making the stock its 7th biggest holding. Whitebark Investors LP’s holdings in Global-e Online were worth $7,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berbice Capital Management LLC purchased a new stake in Global-e Online in the 1st quarter valued at $36,000. Assetmark Inc. purchased a new stake in Global-e Online in the 1st quarter valued at $45,000. Geneos Wealth Management Inc. raised its position in Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares during the last quarter. Pacer Advisors Inc. raised its position in Global-e Online by 52.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock valued at $50,000 after purchasing an additional 488 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Global-e Online in the 1st quarter valued at $68,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-e Online Stock Performance

Shares of GLBE opened at $35.76 on Wednesday. The stock has a market capitalization of $6.07 billion, a P/E ratio of -210.35, a P/E/G ratio of 1.99 and a beta of 1.24. The company’s fifty day moving average is $34.36 and its two-hundred day moving average is $34.12. 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 announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $214.88 million for the quarter, compared to analysts’ expectations of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. Global-e Online’s revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online declared that its board has authorized a share buyback program on Thursday, September 4th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently commented on GLBE. Truist Financial upped their price target on shares of Global-e Online from $31.00 to $32.00 and gave the company a “sell” rating in a research report on Thursday, July 17th. Zacks Research upgraded shares of Global-e Online to a “hold” rating in a research report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $48.33.

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.