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 note released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

GLBE has been the topic of a number of other research reports. Wells Fargo & Company increased their target price on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Global-E Online in a research note on Monday, November 18th. Piper Sandler lifted their price objective on shares of Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group lifted their target price on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Benchmark increased their price objective on shares of Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.08.

Global-E Online Stock Performance

Shares of Global-E Online stock opened at $61.82 on Monday. The company has a 50-day simple moving average of $55.91 and a two-hundred day simple moving average of $44.29. The stock has a market capitalization of $10.15 billion, a PE ratio of -106.59, a price-to-earnings-growth 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 $62.85.

Institutional Trading of Global-E Online

Several institutional investors and hedge funds have recently made changes to their positions in the business. Fred Alger Management LLC purchased a new position in Global-E Online in the 3rd quarter worth about $53,493,000. JPMorgan Chase & Co. grew its stake in Global-E Online by 40.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock worth $70,979,000 after acquiring an additional 533,675 shares in the last quarter. Mount Yale Investment Advisors LLC increased its position in shares of Global-E Online by 143.8% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company’s stock worth $1,118,000 after acquiring an additional 12,094 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Global-E Online by 23.8% during the third quarter. Public Sector Pension Investment Board now owns 51,950 shares of the company’s stock valued at $1,997,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Global-E Online by 3.4% in the third quarter. Geode Capital Management LLC now owns 933,476 shares of the company’s stock valued at $35,722,000 after purchasing an additional 30,995 shares during the period. 94.60% of the stock is currently owned by 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.