Mount Yale Investment Advisors LLC Purchases 12,094 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Mount Yale Investment Advisors LLC grew its position in Global-E Online Ltd. (NASDAQ:GLBE) by 143.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,507 shares of the company’s stock after acquiring an additional 12,094 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Global-E Online were worth $1,118,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GLBE. Fifth Third Bancorp raised its position in Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 197 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Global-E Online by 4.4% in the third quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock worth $362,000 after buying an additional 393 shares during the period. Juncture Wealth Strategies LLC lifted its stake in shares of Global-E Online by 3.9% during the 4th quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company’s stock worth $718,000 after acquiring an additional 494 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Global-E Online by 6.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the company’s stock valued at $300,000 after acquiring an additional 500 shares during the period. Finally, Van ECK Associates Corp grew its position in Global-E Online by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 32,828 shares of the company’s stock valued at $1,235,000 after acquiring an additional 508 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Performance

Shares of Global-E Online stock opened at $58.03 on Tuesday. The company has a 50-day simple moving average of $53.96 and a two-hundred day simple moving average of $42.57. Global-E Online Ltd. has a one year low of $28.11 and a one year high of $58.90. The company has a market capitalization of $9.53 billion, a PE ratio of -100.05, a P/E/G ratio of 5.85 and a beta of 1.22.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GLBE. JMP Securities lifted their target price on 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. Benchmark boosted their price objective on shares of Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company raised 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. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target for the company. in a report on Friday, October 18th. Finally, Jefferies Financial Group raised their price objective on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Global-E Online currently has a consensus rating of “Moderate Buy” and an average target price of $53.25.

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.