Research Analysts’ Recent Ratings Changes for Global-E Online (GLBE)

Global-E Online (NASDAQ: GLBE) has recently received a number of price target changes and ratings updates:

• 11/26/2024 – Global-E Online had its price target raised by analysts at KeyCorp from $38.00 to $55.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – Global-E Online had its price target raised by analysts at Wells Fargo & Company from $45.00 to $60.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – Global-E Online had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $63.00 price target on the stock, up previously from $44.00.
• 11/21/2024 – Global-E Online had its price target raised by analysts at Raymond James from $41.00 to $55.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Global-E Online had its price target raised by analysts at JMP Securities from $46.00 to $64.00. They now have a “market outperform” rating on the stock.
• 11/18/2024 – Global-E Online had its price target raised by analysts at Jefferies Financial Group Inc. from $45.00 to $50.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Global-E Online had its price target raised by analysts at Benchmark Co. from $41.00 to $45.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Global-E Online had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $48.00 price target on the stock.
• 10/18/2024 – Global-E Online had its “buy” rating reaffirmed by analysts at Piper Sandler.
• 10/18/2024 – Global-E Online was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $40.00 price target on the stock.
• 10/18/2024 – Global-E Online had its price target lowered by analysts at UBS Group AG from $50.00 to $48.00. They now have a “buy” rating on the stock.

Global-E Online Trading Down 0.5 %

Shares of Global-E Online stock traded down $0.25 during trading hours on Tuesday, reaching $51.77. 877,974 shares of the company’s stock were exchanged, compared to its average volume of 1,143,299. Global-E Online Ltd. has a 52-week low of $28.11 and a 52-week high of $52.57. The company has a fifty day moving average of $39.47 and a 200-day moving average of $35.45. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of -89.26 and a beta of 1.10.

Institutional Trading of Global-E Online

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in Global-E Online in the third quarter valued at approximately $32,000. Toronto Dominion Bank purchased a new stake in Global-E Online during the second quarter valued at about $40,000. Venturi Wealth Management LLC acquired a new stake in Global-E Online during the third quarter worth about $87,000. Quarry LP raised its holdings in shares of Global-E Online by 226.1% in the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $88,000 after purchasing an additional 1,585 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Global-E Online by 18.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock worth $146,000 after purchasing an additional 624 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.