Global-E Online Ltd. (NASDAQ:GLBE) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 83.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,636 shares of the company's stock after acquiring an additional 13,463 shares during the period. Barclays PLC's holdings in Global-E Online were worth $1,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GLBE. Capital Performance Advisors LLP acquired a new stake in Global-E Online in the third quarter valued at approximately $32,000. Toronto Dominion Bank acquired a new position in Global-E Online during the second quarter worth $40,000. Venturi Wealth Management LLC purchased a new position in Global-E Online during the third quarter valued at $87,000. Quarry LP grew its position in shares of Global-E Online by 226.1% in the third quarter. Quarry LP now owns 2,286 shares of the company's stock valued at $88,000 after purchasing an additional 1,585 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Global-E Online during the second quarter worth about $220,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on GLBE shares. Morgan Stanley downgraded Global-E Online from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a research note on Friday, October 18th. Jefferies Financial Group raised their price target on shares of Global-E Online from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Benchmark upped their price objective on shares of Global-E Online from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, November 18th. JMP Securities raised 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. Finally, KeyCorp upped their price target 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. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

Global-E Online Stock Down 0.9 %

GLBE stock traded down $0.49 during midday trading on Monday, hitting $54.52. The company's stock had a trading volume of 533,061 shares, compared to its average volume of 1,146,178. The firm has a 50-day simple moving average of $47.44 and a 200-day simple moving average of $39.49. The firm has a market capitalization of $8.96 billion, a P/E ratio of -94.00 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.

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.