Analysts Set Global-E Online Ltd. (NASDAQ:GLBE) Price Target at $51.33

Shares of Global-E Online Ltd. (NASDAQ:GLBE) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $51.33.

A number of analysts have recently weighed in on GLBE shares. Raymond James raised their target price on Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Piper Sandler reiterated an “overweight” rating and issued a $63.00 target price (up from $44.00) on shares of Global-E Online in a report on Thursday, November 21st. JMP Securities raised their target price on shares of Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a report on Thursday, November 21st. KeyCorp lifted their price target on shares of Global-E Online from $38.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company increased their price objective on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st.

Institutional Investors Weigh In On Global-E Online

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dragoneer Investment Group LLC lifted its stake in shares of Global-E Online by 9.6% in the 2nd quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company’s stock valued at $534,403,000 after purchasing an additional 1,288,829 shares during the last quarter. Abdiel Capital Advisors LP lifted its position in shares of Global-E Online by 1.4% in the second quarter. Abdiel Capital Advisors LP now owns 6,776,495 shares of the company’s stock worth $245,783,000 after buying an additional 95,741 shares during the last quarter. Clearbridge Investments LLC bought a new stake in shares of Global-E Online during the 2nd quarter worth about $83,036,000. JPMorgan Chase & Co. increased its holdings in shares of Global-E Online by 40.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock valued at $70,979,000 after acquiring an additional 533,675 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Global-E Online by 30.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,639,490 shares of the company’s stock valued at $59,464,000 after acquiring an additional 378,827 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Global-E Online Stock Up 2.3 %

Global-E Online stock opened at $54.98 on Friday. The firm has a 50-day moving average price of $49.06 and a two-hundred day moving average price of $40.17. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of -94.79 and a beta of 1.24. Global-E Online has a 52-week low of $28.11 and a 52-week high of $57.85.

Global-E Online Company 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.