Worldquant Millennium Advisors LLC Buys Shares of 43,012 Global-E Online Ltd. (NASDAQ:GLBE)

Worldquant Millennium Advisors LLC bought a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 43,012 shares of the company’s stock, valued at approximately $1,653,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Global-E Online by 28.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,985 shares of the company’s stock valued at $654,000 after purchasing an additional 3,985 shares in the last quarter. CWM LLC grew its position in shares of Global-E Online by 38.5% during the 2nd quarter. CWM LLC now owns 21,515 shares of the company’s stock valued at $780,000 after purchasing an additional 5,977 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Global-E Online by 369.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 847,094 shares of the company’s stock valued at $30,724,000 after purchasing an additional 666,491 shares in the last quarter. Barton Investment Management grew its position in shares of Global-E Online by 3.3% during the 2nd quarter. Barton Investment Management now owns 991,229 shares of the company’s stock valued at $35,952,000 after purchasing an additional 31,375 shares in the last quarter. Finally, Clay Northam Wealth Management LLC grew its position in shares of Global-E Online by 22.9% during the 2nd quarter. Clay Northam Wealth Management LLC now owns 22,055 shares of the company’s stock valued at $800,000 after purchasing an additional 4,105 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on GLBE shares. Jefferies Financial Group upped their target price on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. JMP Securities upped 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 research report on Thursday, November 21st. Morgan Stanley lowered shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price for the company. in a research report on Friday, October 18th. Wells Fargo & Company upped their target price 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, Raymond James upped their target price on shares of Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Global-E Online has an average rating of “Moderate Buy” and a consensus price target of $51.33.

Global-E Online Stock Up 1.9 %

Global-E Online stock opened at $54.21 on Monday. The company has a market capitalization of $8.90 billion, a PE ratio of -93.47 and a beta of 1.24. The firm has a fifty day simple moving average of $42.12 and a two-hundred day simple moving average of $36.90. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month high of $54.24.

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.