Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $56.80 and last traded at $56.80, with a volume of 2495 shares changing hands. The stock had previously closed at $56.46.
Analyst Upgrades and Downgrades
Several research firms recently commented on GLBE. Needham & Company LLC reiterated a "buy" rating and set a $48.00 price objective on shares of Global-E Online in a research note on Monday, November 18th. UBS Group reduced their price target on Global-E Online from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. KeyCorp raised their price objective on Global-E Online from $38.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. 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. Finally, Jefferies Financial Group raised their price target on Global-E Online from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $51.33.
Check Out Our Latest Research Report on Global-E Online
Global-E Online Stock Performance
The company has a market cap of $9.37 billion, a price-to-earnings ratio of -98.40 and a beta of 1.24. The company's fifty day moving average is $44.32 and its two-hundred day moving average is $37.95.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC acquired a new stake in Global-E Online during the 2nd quarter worth about $83,036,000. Fred Alger Management LLC acquired a new stake in Global-E Online during the third quarter worth about $53,493,000. Dragoneer Investment Group LLC raised its position in Global-E Online by 9.6% during the second quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company's stock valued at $534,403,000 after acquiring an additional 1,288,829 shares in the last quarter. Hood River Capital Management LLC acquired a new position in Global-E Online in the second quarter valued at approximately $36,182,000. Finally, Eventide Asset Management LLC boosted its position in Global-E Online by 59.1% in the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company's stock worth $60,091,000 after purchasing an additional 580,450 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.
Global-E Online Company Profile
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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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