KeyCorp Forecasts Strong Price Appreciation for Global-E Online (NASDAQ:GLBE) Stock

Global-E Online (NASDAQ:GLBE - Free Report) had its target price lifted by KeyCorp from $55.00 to $65.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also recently weighed in on GLBE. The Goldman Sachs Group upped their price target on shares of Global-E Online from $56.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. UBS Group decreased their target price on shares of Global-E Online from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Friday, October 18th. Morgan Stanley cut shares of Global-E Online from an "overweight" rating to an "equal weight" rating and set a $40.00 target price for the company. in a research report on Friday, October 18th. Needham & Company LLC reissued a "buy" rating and set a $48.00 target price on shares of Global-E Online in a research report on Monday, November 18th. Finally, Benchmark increased 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 report 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.08.

Global-E Online Trading Up 1.8 %

Shares of GLBE traded up $1.08 during mid-day trading on Monday, hitting $62.74. The company's stock had a trading volume of 1,358,522 shares, compared to its average volume of 1,268,542. The company's 50-day moving average is $56.47 and its 200-day moving average is $44.73. Global-E Online has a 52-week low of $28.11 and a 52-week high of $63.25. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of -108.17, a PEG ratio of 6.16 and a beta of 1.23.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GLBE. Fifth Third Bancorp increased its stake in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after purchasing an additional 197 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Global-E Online in the third quarter worth $32,000. Geneos Wealth Management Inc. increased its stake 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 worth $43,000 after acquiring an additional 748 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Global-E Online in the fourth quarter worth $59,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Global-E Online in the fourth quarter worth $65,000. Institutional investors and hedge funds own 94.60% of the company's stock.

Global-E Online Company 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.