Stifel Financial Corp Reduces Stock Position in Global-E Online Ltd. (NASDAQ:GLBE)

Stifel Financial Corp trimmed its position in Global-E Online Ltd. (NASDAQ:GLBE) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,338 shares of the company’s stock after selling 4,137 shares during the quarter. Stifel Financial Corp’s holdings in Global-E Online were worth $1,627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Global-E Online by 4.4% in the third quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock valued at $362,000 after acquiring an additional 393 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Global-E Online by 7.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,300 shares of the company’s stock valued at $265,000 after purchasing an additional 500 shares during the period. Van ECK Associates Corp lifted its stake in shares of Global-E Online by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 32,828 shares of the company’s stock valued at $1,235,000 after purchasing an additional 508 shares during the period. Lombard Odier Asset Management USA Corp grew its position in Global-E Online by 6.2% during the second quarter. Lombard Odier Asset Management USA Corp now owns 10,782 shares of the company’s stock valued at $391,000 after buying an additional 632 shares during the period. Finally, Focus Financial Network Inc. increased its holdings in Global-E Online by 11.2% in the third quarter. Focus Financial Network Inc. now owns 6,899 shares of the company’s stock valued at $265,000 after buying an additional 694 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Trading Up 2.4 %

Global-E Online stock opened at $54.78 on Friday. The stock has a market cap of $9.00 billion, a PE ratio of -94.45 and a beta of 1.24. The stock has a 50-day moving average price of $45.73 and a 200 day moving average price of $38.52. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $57.85.

Analysts Set New Price Targets

A number of analysts have recently commented on GLBE shares. UBS Group cut their price objective on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Jefferies Financial Group increased their price objective on shares of Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Morgan Stanley cut shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price for the company. in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of Global-E Online in a research note on Monday, November 18th. Finally, KeyCorp boosted their price objective on Global-E Online from $38.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Global-E Online currently has an average rating of “Moderate Buy” and a consensus target price of $51.33.

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.