Bienville Capital Management LLC Makes New Investment in Global-e Online Ltd. $GLBE

by · The Markets Daily

Bienville Capital Management LLC acquired a new stake in Global-e Online Ltd. (NASDAQ:GLBE – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 324,689 shares of the company’s stock, valued at approximately $10,890,000. Global-e Online makes up about 2.1% of Bienville Capital Management LLC’s portfolio, making the stock its 17th largest holding. Bienville Capital Management LLC owned approximately 0.19% of Global-e Online at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Main Management ETF Advisors LLC increased its holdings in Global-e Online by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 30,053 shares of the company’s stock worth $1,008,000 after purchasing an additional 492 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after buying an additional 528 shares in the last quarter. Sterling Investment Advisors Ltd. grew its position in shares of Global-e Online by 1.1% during the second quarter. Sterling Investment Advisors Ltd. now owns 55,500 shares of the company’s stock worth $1,861,000 after buying an additional 600 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Global-e Online by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,543 shares of the company’s stock worth $162,000 after buying an additional 1,113 shares during the period. Finally, Vident Advisory LLC raised its holdings in Global-e Online by 15.9% in the first quarter. Vident Advisory LLC now owns 8,736 shares of the company’s stock valued at $311,000 after acquiring an additional 1,200 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on GLBE shares. Benchmark reiterated a “buy” rating on shares of Global-e Online in a report on Monday, November 17th. Truist Financial set a $41.00 price objective on shares of Global-e Online in a research report on Thursday. Piper Sandler increased their target price on Global-e Online from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Global-e Online in a research note on Monday. Finally, The Goldman Sachs Group upped their price objective on Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Global-e Online currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.91.

Get Our Latest Stock Analysis on GLBE

Global-e Online Price Performance

NASDAQ GLBE opened at $40.15 on Friday. The firm’s fifty day moving average price is $36.63 and its 200 day moving average price is $34.74. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 1,338.78 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE – Get Free Report) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $220.78 million during the quarter, compared to the consensus estimate of $217.95 million. Global-e Online had a net margin of 0.82% and a return on equity of 0.81%. Global-e Online’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. As a group, sell-side analysts forecast that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

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

Global-e Online Profile

(Free Report)

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.

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