Barclays PLC Purchases 13,463 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Barclays PLC boosted its position in Global-E Online Ltd. (NASDAQ:GLBE) by 83.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,636 shares of the company’s stock after buying an additional 13,463 shares during the quarter. Barclays PLC’s holdings in Global-E Online were worth $1,139,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Global-E Online by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 933,476 shares of the company’s stock valued at $35,722,000 after buying an additional 30,995 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Global-E Online in the third quarter valued at $2,843,000. Pier Capital LLC grew its position in shares of Global-E Online by 15.2% in the 3rd quarter. Pier Capital LLC now owns 141,660 shares of the company’s stock valued at $5,445,000 after acquiring an additional 18,646 shares during the period. Main Management ETF Advisors LLC acquired a new position in shares of Global-E Online during the 3rd quarter worth about $1,879,000. Finally, XTX Topco Ltd raised its holdings in shares of Global-E Online by 269.3% in the 3rd quarter. XTX Topco Ltd now owns 38,018 shares of the company’s stock valued at $1,461,000 after purchasing an additional 27,723 shares during the period. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp upped their target price on Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Morgan Stanley cut Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target for the company. in a report on Friday, October 18th. Jefferies Financial Group upped their price objective on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Piper Sandler lifted their target price on Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Global-E Online currently has a consensus rating of “Moderate Buy” and an average price target of $53.25.

Global-E Online Price Performance

GLBE stock opened at $53.09 on Tuesday. Global-E Online Ltd. has a 1 year low of $28.11 and a 1 year high of $57.85. The firm has a 50-day moving average of $50.79 and a 200 day moving average of $41.16. The company has a market cap of $8.72 billion, a P/E ratio of -91.53 and a beta of 1.22.

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.