J.W. Cole Advisors Inc. purchased a new position in Global-E Online Ltd. (NASDAQ:GLBE – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,130 shares of the company’s stock, valued at approximately $243,000.
A number of other hedge funds have also recently made changes to their positions in GLBE. Asset Management One Co. Ltd. purchased a new stake in Global-E Online in the third quarter worth about $1,560,000. Commonwealth Equity Services LLC purchased a new stake in Global-E Online in the third quarter worth about $251,000. Robeco Institutional Asset Management B.V. purchased a new stake in Global-E Online in the third quarter worth about $228,000. Bank of New York Mellon Corp purchased a new stake in Global-E Online in the third quarter worth about $5,991,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Global-E Online in the third quarter worth about $175,000. 94.60% of the stock is currently owned by institutional investors.
Global-E Online Stock Down 2.1 %
GLBE opened at $32.81 on Friday. Global-E Online Ltd. has a 52-week low of $26.01 and a 52-week high of $45.72. The company has a market cap of $5.39 billion, a P/E ratio of -40.51 and a beta of 1.10. The firm’s 50-day moving average price is $34.89 and its 200-day moving average price is $36.24.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on GLBE shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of Global-E Online in a research note on Monday, April 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $50.00 price objective on shares of Global-E Online in a research note on Thursday, February 22nd. Needham & Company LLC reissued a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Friday, April 5th. Finally, The Goldman Sachs Group increased their price target on shares of Global-E Online from $36.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.00.
Check Out Our Latest Stock Analysis on GLBE
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.
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