Global-E Online (NASDAQ:GLBE) Price Target Raised to $55.00 at Morgan Stanley

Global-E Online (NASDAQ:GLBE) had its price objective upped by Morgan Stanley from $52.00 to $55.00 in a research report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also issued reports on GLBE. KeyCorp boosted their price target on Global-E Online from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Needham & Company LLC restated a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research note on Monday, November 18th. Piper Sandler boosted their price target on Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Benchmark boosted their price target on Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company boosted their price target on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.33.

Global-E Online Stock Performance

Global-E Online stock opened at $61.90 on Tuesday. The business’s 50-day simple moving average is $56.99 and its 200-day simple moving average is $45.51. The firm has a market capitalization of $10.17 billion, a PE ratio of -106.72, a PEG 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 $63.69.

Institutional Investors Weigh In On Global-E Online

A number of large investors have recently bought and sold shares of the business. Fred Alger Management LLC grew its position in Global-E Online by 204.6% during the 4th quarter. Fred Alger Management LLC now owns 4,239,470 shares of the company’s stock worth $231,178,000 after acquiring an additional 2,847,868 shares during the last quarter. Contour Asset Management LLC grew its position in Global-E Online by 9.1% during the 4th quarter. Contour Asset Management LLC now owns 2,646,906 shares of the company’s stock worth $144,336,000 after acquiring an additional 220,519 shares during the last quarter. Clearbridge Investments LLC grew its position in Global-E Online by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 2,268,618 shares of the company’s stock worth $123,708,000 after acquiring an additional 34,391 shares during the last quarter. JPMorgan Chase & Co. grew its position in Global-E Online by 40.7% during 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 during the last quarter. Finally, Eventide Asset Management LLC grew its position in Global-E Online by 59.1% during the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock worth $60,091,000 after acquiring an additional 580,450 shares during the last quarter. 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.