Global-E Online (NASDAQ:GLBE) Price Target Raised to $65.00 at KeyCorp

Global-E Online (NASDAQ:GLBE) had its price target increased by KeyCorp from $55.00 to $65.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 9.26% from the company’s previous close.

A number of other research analysts have also recently commented on GLBE. Jefferies Financial Group upped their price target on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Global-E Online in a research note on Monday, November 18th. UBS Group decreased 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 note on Friday, October 18th. The Goldman Sachs Group increased their price objective on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, JMP Securities lifted their target price on Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Global-E Online presently has a consensus rating of “Moderate Buy” and an average price target of $54.08.

Global-E Online Stock Down 0.6 %

GLBE opened at $59.49 on Monday. The business has a fifty day moving average of $55.72 and a 200 day moving average of $44.10. The stock has a market cap of $9.77 billion, a P/E ratio of -102.57, a PEG ratio of 6.16 and a beta of 1.23. Global-E Online has a 52-week low of $28.11 and a 52-week high of $61.51.

Institutional Trading of Global-E Online

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp grew its stake in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after buying an additional 197 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Global-E Online during the third quarter worth about $32,000. Geneos Wealth Management Inc. grew its stake in shares of Global-E Online by 1,968.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock worth $43,000 after acquiring an additional 748 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Global-E Online in the 4th quarter valued at approximately $59,000. Finally, Whipplewood Advisors LLC acquired a new stake in Global-E Online in the 4th quarter worth approximately $65,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

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.