Mediolanum International Funds Ltd bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 8,280 shares of the company’s stock, valued at approximately $315,000.
Several other large investors also recently bought and sold shares of GLBE. Mount Yale Investment Advisors LLC purchased a new stake in shares of Global-E Online in the 3rd quarter worth about $323,000. Values First Advisors Inc. lifted its holdings in shares of Global-E Online by 49.2% in the third quarter. Values First Advisors Inc. now owns 13,070 shares of the company’s stock valued at $502,000 after purchasing an additional 4,309 shares in the last quarter. Juncture Wealth Strategies LLC acquired a new stake in shares of Global-E Online in the third quarter valued at approximately $487,000. Clearbridge Investments LLC acquired a new stake in shares of Global-E Online in the second quarter valued at approximately $83,036,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Global-E Online during the 2nd quarter worth approximately $250,000. Institutional investors and hedge funds own 94.60% of the company’s stock.
Global-E Online Price Performance
Global-E Online stock opened at $37.95 on Monday. The firm’s fifty day moving average price is $36.47 and its 200 day moving average price is $34.14. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of -51.28 and a beta of 1.10. Global-E Online Ltd. has a 12-month low of $27.30 and a 12-month high of $42.88.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Piper Sandler reiterated a “buy” rating on shares of Global-E Online in a report on Friday, October 18th. UBS Group decreased their price objective on Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. JMP Securities reiterated a “market outperform” rating and set a $46.00 price objective on shares of Global-E Online in a research report on Wednesday, July 10th. Morgan Stanley lowered shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price on the stock. in a report on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Global-E Online in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Global-E Online presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.09.
View Our Latest Research Report on Global-E Online
Global-E Online 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.
Featured Articles
- Five stocks we like better than Global-E Online
- Investing In Preferred Stock vs. Common Stock
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- Why Invest in 5G? How to Invest in 5G Stocks
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- What is a SEC Filing?
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Want to see what other hedge funds are holding GLBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global-E Online Ltd. (NASDAQ:GLBE – Free Report).
Receive News & Ratings for Global-E Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global-E Online and related companies with MarketBeat.com's FREE daily email newsletter.