Global-E Online (NASDAQ:GLBE) Price Target Raised to $45.00

Global-E Online (NASDAQ:GLBE) had its target price boosted by Benchmark from $41.00 to $45.00 in a research report released on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Monday. Morgan Stanley cut shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target for the company. in a research report on Friday, October 18th. Piper Sandler reiterated a “buy” rating on shares of Global-E Online in a research report on Friday, October 18th. UBS Group lowered their price target on shares of Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, Bank of America reduced their price objective on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.27.

Global-E Online Price Performance

Shares of NASDAQ:GLBE opened at $47.86 on Monday. Global-E Online has a one year low of $28.11 and a one year high of $52.26. The company has a 50 day moving average of $38.65 and a 200-day moving average of $35.02. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of -73.63 and a beta of 1.10.

Institutional Trading of Global-E Online

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC bought a new stake in shares of Global-E Online in the first quarter worth $2,521,000. Capital International Investors increased its holdings in Global-E Online by 51.2% during the first quarter. Capital International Investors now owns 1,003,229 shares of the company’s stock worth $36,467,000 after buying an additional 339,591 shares during the last quarter. Dragoneer Investment Group LLC increased its holdings in Global-E Online by 9.6% during the second quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company’s stock worth $534,403,000 after buying an additional 1,288,829 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Global-E Online during the second quarter worth $623,000. Finally, Clearbridge Investments LLC acquired a new position in Global-E Online during the second quarter worth $83,036,000. 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.