Robeco Institutional Asset Management B.V. Has $1.63 Million Position in Global-e Online Ltd. $GLBE

Robeco Institutional Asset Management B.V. lowered its position in Global-e Online Ltd. (NASDAQ:GLBE) by 61.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,491 shares of the company’s stock after selling 77,822 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Global-e Online were worth $1,626,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Global-e Online by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company’s stock valued at $170,045,000 after acquiring an additional 308,218 shares during the last quarter. Contour Asset Management LLC lifted its stake in Global-e Online by 17.8% in the first quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company’s stock valued at $111,203,000 after acquiring an additional 472,380 shares during the last quarter. Arohi Asset Management PTE Ltd. lifted its stake in Global-e Online by 130.5% in the first quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company’s stock valued at $52,681,000 after acquiring an additional 836,522 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Global-e Online by 33,950.1% during the 1st quarter. Jennison Associates LLC now owns 1,418,526 shares of the company’s stock worth $50,570,000 after buying an additional 1,414,360 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Global-e Online by 149.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,247,984 shares of the company’s stock worth $44,491,000 after buying an additional 748,608 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Stock Down 3.8%

GLBE stock opened at $34.70 on Wednesday. The firm has a market cap of $5.89 billion, a P/E ratio of -204.12, a P/E/G ratio of 1.92 and a beta of 1.25. The company’s 50-day moving average price is $34.46 and its two-hundred day moving average price is $34.06. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings results 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 analyst estimates of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The firm’s revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online announced that its board has approved a stock repurchase program on Thursday, September 4th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GLBE. Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a research note on Saturday, September 27th. Truist Financial raised their target price on shares of Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a research note on Thursday, July 17th. Finally, Zacks Research raised shares of Global-e Online to a “hold” rating in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.33.

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.