KeyCorp Boosts Global-E Online (NASDAQ:GLBE) Price Target to $55.00

Global-E Online (NASDAQ:GLBE) had its target price lifted by KeyCorp from $38.00 to $55.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 5.73% from the stock’s previous close.

GLBE has been the subject of a number of other reports. Piper Sandler reiterated an “overweight” rating and issued a $63.00 price objective (up from $44.00) on shares of Global-E Online in a report on Thursday, November 21st. Wells Fargo & Company upped their target price on Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Morgan Stanley downgraded shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target on the stock. in a research note on Friday, October 18th. JMP Securities upped their price objective on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research note on Thursday, November 21st. Finally, Benchmark increased their target price on shares of Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Global-E Online presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.33.

Global-E Online Stock Performance

Shares of NASDAQ GLBE opened at $52.02 on Tuesday. Global-E Online has a fifty-two week low of $28.11 and a fifty-two week high of $52.37. The stock has a fifty day moving average of $39.47 and a 200-day moving average of $35.45. The stock has a market cap of $8.54 billion, a PE ratio of -89.69 and a beta of 1.10.

Institutional Trading of Global-E Online

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC grew its holdings in shares of Global-E Online by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 70,792 shares of the company’s stock worth $2,721,000 after acquiring an additional 3,129 shares during the period. Barclays PLC boosted its position in shares of Global-E Online by 83.2% during the third quarter. Barclays PLC now owns 29,636 shares of the company’s stock valued at $1,139,000 after purchasing an additional 13,463 shares in the last quarter. Geode Capital Management LLC grew its stake in Global-E Online by 3.4% in the third quarter. Geode Capital Management LLC now owns 933,476 shares of the company’s stock worth $35,722,000 after purchasing an additional 30,995 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Global-E Online during the third quarter valued at $2,843,000. Finally, Pier Capital LLC boosted its holdings in shares of Global-E Online by 15.2% during the 3rd quarter. Pier Capital LLC now owns 141,660 shares of the company’s stock valued at $5,445,000 after buying an additional 18,646 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

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.