Global-E Online Ltd. (NASDAQ:GLBE) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in Global-E Online Ltd. (NASDAQ:GLBE) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,800 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Global-E Online were worth $300,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GLBE. Charles Schwab Investment Management Inc. lifted its holdings in shares of Global-E Online by 10.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 71,151 shares of the company’s stock valued at $2,735,000 after purchasing an additional 6,485 shares during the last quarter. Cedar Wealth Management LLC boosted its holdings in shares of Global-E Online by 32.5% in the third quarter. Cedar Wealth Management LLC now owns 29,030 shares of the company’s stock worth $1,116,000 after buying an additional 7,121 shares during the period. Swiss National Bank increased its position in shares of Global-E Online by 0.9% in the third quarter. Swiss National Bank now owns 298,920 shares of the company’s stock worth $11,490,000 after acquiring an additional 2,600 shares in the last quarter. RiverPark Advisors LLC raised its holdings in shares of Global-E Online by 146.3% during the third quarter. RiverPark Advisors LLC now owns 6,036 shares of the company’s stock valued at $232,000 after acquiring an additional 3,585 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Global-E Online by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock valued at $362,000 after purchasing an additional 393 shares during the period. Institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Up 0.8 %

NASDAQ:GLBE opened at $52.28 on Monday. Global-E Online Ltd. has a 12 month low of $28.11 and a 12 month high of $52.75. The company’s 50 day moving average is $40.60 and its 200-day moving average is $36.03. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of -90.14 and a beta of 1.10.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley downgraded Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target on the stock. in a report on Friday, October 18th. UBS Group lowered their target price on Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Jefferies Financial Group raised 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. Wells Fargo & Company boosted their price target on shares of Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, JMP Securities increased their price objective on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a report on Thursday, November 21st. One investment 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, Global-E Online has an average rating of “Moderate Buy” and a consensus target price of $51.33.

Global-E Online 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.