Calamos Wealth Management LLC Takes Position in Global-E Online Ltd. (NASDAQ:GLBE)

Calamos Wealth Management LLC bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,854 shares of the company's stock, valued at approximately $1,083,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp increased its stake in Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after buying an additional 197 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Global-E Online in the 3rd quarter worth $32,000. Geneos Wealth Management Inc. boosted 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 valued at $43,000 after acquiring an additional 748 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Global-E Online during the third quarter worth about $87,000. Finally, Quarry LP raised its holdings in Global-E Online by 226.1% during the third quarter. Quarry LP now owns 2,286 shares of the company's stock worth $88,000 after purchasing an additional 1,585 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.

Global-E Online Stock Down 0.6 %

Shares of NASDAQ GLBE traded down $0.37 during trading on Friday, reaching $59.49. 744,978 shares of the stock were exchanged, compared to its average volume of 1,219,282. The business's 50-day moving average price is $55.72 and its 200 day moving average price is $43.97. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of -102.57, a price-to-earnings-growth ratio of 6.16 and a beta of 1.23. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month high of $61.51.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. The Goldman Sachs Group increased their price objective on Global-E Online from $56.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Raymond James boosted their price target on Global-E Online from $41.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. 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 report on Thursday, November 21st. Jefferies Financial Group lifted their price target on Global-E Online from $45.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. Finally, Morgan Stanley lowered 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 report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Global-E Online currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.25.

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.