Global-E Online Sees Unusually High Options Volume (NASDAQ:GLBE)

Global-E Online Ltd. (NASDAQ:GLBE) was the target of unusually large options trading on Tuesday. Traders purchased 20,287 call options on the company. This represents an increase of 702% compared to the average daily volume of 2,530 call options.

Analyst Upgrades and Downgrades

GLBE has been the subject of a number of research reports. KeyCorp increased their price objective on Global-E Online from $38.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Piper Sandler increased their price target on Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Wells Fargo & Company increased their price target on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. UBS Group reduced their price target 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. Finally, Benchmark increased their price target on 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 analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.25.

Global-E Online Trading Up 3.8 %

Shares of GLBE traded up $2.20 during mid-day trading on Tuesday, reaching $60.23. The company’s stock had a trading volume of 1,188,598 shares, compared to its average volume of 1,074,747. Global-E Online has a 1-year low of $28.11 and a 1-year high of $60.11. The stock has a market cap of $9.89 billion, a P/E ratio of -103.81, a PEG ratio of 5.85 and a beta of 1.22. The business has a 50-day simple moving average of $53.96 and a two-hundred day simple moving average of $42.57.

Institutional Trading of Global-E Online

Several hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Global-E Online by 38.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,568 shares of the company’s stock worth $576,000 after purchasing an additional 2,919 shares during the last quarter. Calamos Wealth Management LLC bought a new position in Global-E Online during the 4th quarter worth $1,083,000. Clay Northam Wealth Management LLC increased its stake in Global-E Online by 3.0% during the 4th quarter. Clay Northam Wealth Management LLC now owns 23,030 shares of the company’s stock worth $1,256,000 after acquiring an additional 675 shares during the period. Jennison Associates LLC bought a new position in Global-E Online during the 4th quarter worth $227,000. Finally, Mediolanum International Funds Ltd increased its stake in Global-E Online by 260.1% during the 4th quarter. Mediolanum International Funds Ltd now owns 29,814 shares of the company’s stock worth $1,621,000 after acquiring an additional 21,534 shares during the period. 94.60% of the stock is owned by institutional investors and hedge funds.

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.