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Barclays PLC Grows Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Global-E Online logo with Retail/Wholesale background

Barclays PLC raised its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 83.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,636 shares of the company's stock after buying an additional 13,463 shares during the quarter. Barclays PLC's holdings in Global-E Online were worth $1,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fred Alger Management LLC purchased a new position in Global-E Online during the third quarter valued at approximately $53,493,000. Dragoneer Investment Group LLC grew its position in shares of Global-E Online by 9.6% during the 2nd quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company's stock valued at $534,403,000 after purchasing an additional 1,288,829 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Global-E Online during the 2nd quarter valued at $623,000. Public Sector Pension Investment Board increased its holdings in shares of Global-E Online by 23.8% in the third quarter. Public Sector Pension Investment Board now owns 51,950 shares of the company's stock worth $1,997,000 after purchasing an additional 10,000 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Global-E Online by 3.4% in the third quarter. Geode Capital Management LLC now owns 933,476 shares of the company's stock worth $35,722,000 after buying an additional 30,995 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on GLBE. Raymond James boosted their target price on Global-E Online from $41.00 to $55.00 and gave the stock an "outperform" rating in a research 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. Benchmark raised their target price 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. Piper Sandler boosted their price target on shares of Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company increased their price target on shares of Global-E Online from $45.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. One investment 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 stock currently has an average rating of "Moderate Buy" and an average price target of $53.25.

Read Our Latest Stock Report on Global-E Online

Global-E Online Price Performance

NASDAQ GLBE traded up $1.44 during trading on Tuesday, hitting $54.53. 1,174,220 shares of the company's stock traded hands, compared to its average volume of 1,140,953. The stock has a fifty day moving average of $51.11 and a two-hundred day moving average of $41.29. Global-E Online Ltd. has a 12-month low of $28.11 and a 12-month high of $57.85. The firm has a market cap of $8.96 billion, a P/E ratio of -94.02 and a beta of 1.22.

About Global-E Online

(Free Report)

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.

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Institutional Ownership by Quarter for Global-E Online (NASDAQ:GLBE)

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