Fmr LLC Has $37.65 Million Position in Global-E Online Ltd. (NASDAQ:GLBE)

FMR LLC increased its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 979,371 shares of the company's stock after acquiring an additional 38,597 shares during the period. FMR LLC owned about 0.60% of Global-E Online worth $37,647,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of GLBE. Price T Rowe Associates Inc. MD raised its holdings in Global-E Online by 28.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,985 shares of the company's stock worth $654,000 after acquiring an additional 3,985 shares in the last quarter. CWM LLC raised its holdings in Global-E Online by 38.5% during the second quarter. CWM LLC now owns 21,515 shares of the company's stock worth $780,000 after acquiring an additional 5,977 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Global-E Online by 369.0% during the second quarter. Assenagon Asset Management S.A. now owns 847,094 shares of the company's stock worth $30,724,000 after acquiring an additional 666,491 shares in the last quarter. Barton Investment Management raised its holdings in Global-E Online by 3.3% during the second quarter. Barton Investment Management now owns 991,229 shares of the company's stock worth $35,952,000 after acquiring an additional 31,375 shares in the last quarter. Finally, Clay Northam Wealth Management LLC raised its holdings in Global-E Online by 22.9% during the second quarter. Clay Northam Wealth Management LLC now owns 22,055 shares of the company's stock worth $800,000 after acquiring an additional 4,105 shares in the last quarter. Institutional investors own 94.60% of the company's stock.

Analyst Upgrades and Downgrades

GLBE has been the topic of several research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $48.00 price objective on shares of Global-E Online in a research note on Monday, November 18th. JMP Securities upped their price objective on 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. Jefferies Financial Group upped their price objective on Global-E Online from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Bank of America dropped their price objective on Global-E Online from $47.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Finally, UBS Group dropped their price objective on Global-E Online from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Global-E Online presently has an average rating of "Moderate Buy" and an average target price of $51.33.

Global-E Online Stock Performance

Shares of NASDAQ GLBE traded down $0.29 during trading hours on Monday, reaching $53.92. 1,042,418 shares of the stock were exchanged, compared to its average volume of 1,147,507. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of -92.97 and a beta of 1.24. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $54.55. The stock's fifty day simple moving average is $42.12 and its 200 day simple moving average is $36.90.

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.