SG Americas Securities LLC Boosts Stake in Global-E Online Ltd. (NASDAQ:GLBE)

SG Americas Securities LLC lifted its holdings in Global-E Online Ltd. (NASDAQ:GLBE) by 5,939.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 636,393 shares of the company’s stock after purchasing an additional 625,855 shares during the period. SG Americas Securities LLC’s holdings in Global-E Online were worth $34,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CIBC Asset Management Inc lifted its stake 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 in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Global-E Online by 6.8% in the third quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the company’s stock worth $300,000 after buying an additional 500 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Global-E Online by 1.6% in the third quarter. Van ECK Associates Corp now owns 32,828 shares of the company’s stock worth $1,235,000 after buying an additional 508 shares in the last quarter. Focus Financial Network Inc. lifted its stake in shares of Global-E Online by 11.2% in the third quarter. Focus Financial Network Inc. now owns 6,899 shares of the company’s stock worth $265,000 after buying an additional 694 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Global-E Online in the third quarter worth about $32,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted 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 note on Thursday, November 21st. The Goldman Sachs Group lifted their target price on shares of Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Benchmark lifted their target price on shares of Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Jefferies Financial Group lifted 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 note on Monday, November 18th. Finally, KeyCorp lifted their target price on shares of Global-E Online from $38.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.25.

Global-E Online Price Performance

Global-E Online stock opened at $56.87 on Thursday. The company’s 50 day simple moving average is $52.97 and its 200-day simple moving average is $42.10. Global-E Online Ltd. has a 1 year low of $28.11 and a 1 year high of $58.90.

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.