73,954 Shares in Global-E Online Ltd. (NASDAQ:GLBE) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 73,954 shares of the company's stock, valued at approximately $2,843,000.

Several other large investors have also recently made changes to their positions in the stock. Dragoneer Investment Group LLC lifted its holdings in shares of Global-E Online by 9.6% in the 2nd quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company's stock worth $534,403,000 after acquiring an additional 1,288,829 shares during the last quarter. Abdiel Capital Advisors LP lifted its holdings in shares of Global-E Online by 1.4% in the 2nd quarter. Abdiel Capital Advisors LP now owns 6,776,495 shares of the company's stock worth $245,783,000 after acquiring an additional 95,741 shares during the last quarter. Clearbridge Investments LLC acquired a new position in shares of Global-E Online in the 2nd quarter worth approximately $83,036,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Global-E Online by 30.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,639,490 shares of the company's stock worth $59,464,000 after acquiring an additional 378,827 shares during the last quarter. Finally, Eventide Asset Management LLC lifted its holdings in shares of Global-E Online by 59.1% in the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company's stock worth $60,091,000 after acquiring an additional 580,450 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Trading Down 0.4 %

Shares of NASDAQ GLBE traded down $0.25 during mid-day trading on Tuesday, reaching $56.82. The company had a trading volume of 1,851,377 shares, compared to its average volume of 1,155,159. The firm has a 50 day simple moving average of $44.71 and a two-hundred day simple moving average of $38.13. The stock has a market cap of $9.33 billion, a P/E ratio of -97.97 and a beta of 1.24. Global-E Online Ltd. has a 52-week low of $28.11 and a 52-week high of $57.85.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GLBE. JMP Securities upped their target price on shares of Global-E Online from $46.00 to $64.00 and gave the stock a "market outperform" rating in a research note on Thursday, November 21st. KeyCorp upped their target price on shares of Global-E Online from $38.00 to $55.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. Piper Sandler reaffirmed an "overweight" rating and set a $63.00 target price (up from $44.00) on shares of Global-E Online in a research note 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 research note on Friday, October 18th. Finally, Benchmark upped their target price on shares of 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 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.33.

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.