Fifth Third Bancorp Has $26,000 Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Fifth Third Bancorp raised its position in Global-E Online Ltd. (NASDAQ:GLBE) by 69.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 482 shares of the company’s stock after acquiring an additional 197 shares during the period. Fifth Third Bancorp’s holdings in Global-E Online were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Global-E Online in the third quarter valued at about $32,000. Venturi Wealth Management LLC bought a new position in shares of Global-E Online in the third quarter worth about $87,000. Quarry LP lifted its position in shares of Global-E Online by 226.1% during the third quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $88,000 after purchasing an additional 1,585 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Global-E Online during the third quarter valued at approximately $223,000. Finally, RiverPark Advisors LLC increased its holdings in shares of Global-E Online by 146.3% in the third quarter. RiverPark Advisors LLC now owns 6,036 shares of the company’s stock valued at $232,000 after purchasing an additional 3,585 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Performance

NASDAQ:GLBE opened at $58.55 on Tuesday. The stock’s 50-day simple moving average is $55.10 and its 200 day simple moving average is $43.41. Global-E Online Ltd. has a 52-week low of $28.11 and a 52-week high of $61.51. The company has a market cap of $9.62 billion, a P/E ratio of -100.95, a P/E/G ratio of 6.16 and a beta of 1.23.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GLBE. Piper Sandler lifted their price target on shares of Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. UBS Group dropped their target price on shares of 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. JMP Securities raised their price target on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 21st. KeyCorp lifted 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. Finally, Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price on the stock. in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.25.

About Global-E Online

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.