Global-E Online Ltd. (NASDAQ:GLBE) Given Average Recommendation of “Moderate Buy” by Brokerages

Global-E Online Ltd. (NASDAQ:GLBE) has received a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $53.25.

A number of brokerages recently issued reports on GLBE. The Goldman Sachs Group raised their price target on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Benchmark raised their target price on shares of Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Piper Sandler lifted their price target on shares of Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on shares of Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, JMP Securities boosted their target price on Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research report on Thursday, November 21st.

Global-E Online Stock Performance

Shares of GLBE opened at $56.78 on Wednesday. The stock has a market capitalization of $9.33 billion, a PE ratio of -97.90, a P/E/G ratio of 5.85 and a beta of 1.22. The company’s fifty day moving average is $53.61 and its 200 day moving average is $42.43. Global-E Online has a fifty-two week low of $28.11 and a fifty-two week high of $58.90.

Institutional Trading of Global-E Online

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in Global-E Online in the 2nd quarter valued at approximately $373,000. Sei Investments Co. boosted its holdings in Global-E Online by 4.4% in the second quarter. Sei Investments Co. now owns 274,187 shares of the company’s stock valued at $9,945,000 after purchasing an additional 11,584 shares during the period. ProShare Advisors LLC boosted its holdings in Global-E Online by 8.6% in the second quarter. ProShare Advisors LLC now owns 67,017 shares of the company’s stock valued at $2,431,000 after purchasing an additional 5,293 shares during the period. Public Sector Pension Investment Board grew its stake in Global-E Online by 7.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 41,950 shares of the company’s stock worth $1,522,000 after purchasing an additional 2,862 shares in the last quarter. Finally, Abdiel Capital Advisors LP increased its holdings in Global-E Online by 1.4% during the 2nd quarter. Abdiel Capital Advisors LP now owns 6,776,495 shares of the company’s stock worth $245,783,000 after purchasing an additional 95,741 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.