Global-E Online (NASDAQ:GLBE) Given New $63.00 Price Target at The Goldman Sachs Group

Global-E Online (NASDAQ:GLBE) had its price objective boosted by The Goldman Sachs Group from $56.00 to $63.00 in a report published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

GLBE has been the topic of several other reports. KeyCorp boosted their price objective on Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. JMP Securities boosted their price target on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a report on Thursday, November 21st. Raymond James increased 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 downgraded 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 issued a $48.00 price target on shares of Global-E Online in a 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.25.

Global-E Online Price Performance

Shares of GLBE stock opened at $53.42 on Friday. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of -92.10 and a beta of 1.22. The company’s fifty day moving average price is $50.50 and its 200-day moving average price is $40.93. Global-E Online has a one year low of $28.11 and a one year high of $57.85.

Institutional Investors Weigh In On Global-E Online

Several large investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of Global-E Online in the 3rd quarter valued at approximately $32,000. Toronto Dominion Bank bought a new stake in Global-E Online in the second quarter worth $40,000. Venturi Wealth Management LLC purchased a new position in Global-E Online during the third quarter worth $87,000. Quarry LP increased its position in Global-E Online by 226.1% during the third quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after acquiring an additional 1,585 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Global-E Online in the second quarter valued at $220,000. 94.60% of the stock is owned by institutional investors.

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.