Global-E Online (NASDAQ:GLBE) Given New $55.00 Price Target at KeyCorp

Global-E Online (NASDAQ:GLBE) had its target price hoisted by KeyCorp from $38.00 to $55.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Raymond James lifted their price objective on shares of Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective for the company. in a report on Friday, October 18th. Piper Sandler restated an “overweight” rating and issued a $63.00 target price (up previously from $44.00) on shares of Global-E Online in a report on Thursday, November 21st. Benchmark upped their price target on Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, 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. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. 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 Trading Down 0.7 %

NASDAQ GLBE opened at $51.66 on Tuesday. The company has a market cap of $8.49 billion, a P/E ratio of -89.07 and a beta of 1.10. The company has a fifty day simple moving average of $39.47 and a 200 day simple moving average of $35.45. Global-E Online has a 12-month low of $28.11 and a 12-month high of $52.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in Global-E Online by 15.2% in the first quarter. Russell Investments Group Ltd. now owns 5,911 shares of the company’s stock valued at $215,000 after purchasing an additional 780 shares during the last quarter. American International Group Inc. lifted its position in shares of Global-E Online by 3.2% during the 1st quarter. American International Group Inc. now owns 15,619 shares of the company’s stock valued at $568,000 after buying an additional 484 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Global-E Online by 28.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,985 shares of the company’s stock worth $654,000 after acquiring an additional 3,985 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in Global-E Online in the 1st quarter worth about $480,000. Finally, California State Teachers Retirement System raised its stake in Global-E Online by 12.4% in the 1st quarter. California State Teachers Retirement System now owns 127,869 shares of the company’s stock valued at $4,648,000 after acquiring an additional 14,139 shares during the period. 94.60% of the stock is 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.