Stephens Investment Management Group LLC Acquires New Position in Global-E Online Ltd. (NASDAQ:GLBE)

Stephens Investment Management Group LLC purchased a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 109,508 shares of the company's stock, valued at approximately $5,971,000. Stephens Investment Management Group LLC owned about 0.07% of Global-E Online at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GLBE. Fifth Third Bancorp grew its holdings in shares of Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after purchasing an additional 197 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Global-E Online during the third quarter valued at about $32,000. Geneos Wealth Management Inc. increased its holdings in shares of Global-E Online by 1,968.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock worth $43,000 after buying an additional 748 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Global-E Online in the 3rd quarter valued at about $87,000. Finally, Quarry LP boosted its holdings in Global-E Online by 226.1% during the 3rd 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 period. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on GLBE shares. Piper Sandler lifted their price target on Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Morgan Stanley lowered shares of Global-E Online from an "overweight" rating to an "equal weight" rating and set a $40.00 price target for the company. in a report on Friday, October 18th. UBS Group cut their price target on shares of Global-E Online from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, October 18th. JMP Securities upped their price objective on shares of Global-E Online from $46.00 to $64.00 and gave the company a "market outperform" rating in a research note on Thursday, November 21st. Finally, Benchmark raised their target price on Global-E Online from $41.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.08.

Global-E Online Stock Up 0.2 %

Shares of GLBE stock traded up $0.14 during mid-day trading on Tuesday, reaching $61.96. 611,087 shares of the company's stock traded hands, compared to its average volume of 1,225,478. The company's 50-day moving average price is $55.91 and its 200-day moving average price is $44.29. The company has a market cap of $10.18 billion, a P/E ratio of -106.84, a P/E/G ratio of 6.16 and a beta of 1.23. Global-E Online Ltd. has a 12 month low of $28.11 and a 12 month high of $62.85.

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.