Jefferies Financial Group Forecasts Strong Price Appreciation for Global-E Online (NASDAQ:GLBE) Stock

Global-E Online (NASDAQ:GLBE - Get Free Report) had its price objective boosted by Jefferies Financial Group from $45.00 to $50.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price suggests a potential upside of 22.49% from the company's previous close.

GLBE has been the subject of a number of other reports. Piper Sandler restated a "buy" rating on shares of Global-E Online in a research report on Friday, October 18th. UBS Group dropped their price objective on shares of Global-E Online from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, October 18th. KeyCorp cut their target price on Global-E Online from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, August 15th. Morgan Stanley downgraded shares of Global-E Online from an "overweight" rating to an "equal weight" rating and set a $40.00 price target on the stock. in a research note on Friday, October 18th. Finally, Benchmark boosted their price objective on Global-E Online from $41.00 to $45.00 and gave the company a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Global-E Online currently has an average rating of "Moderate Buy" and a consensus target price of $44.27.

Global-E Online Stock Up 1.3 %

Shares of NASDAQ:GLBE traded up $0.52 during trading on Monday, hitting $40.82. 769,186 shares of the stock traded hands, compared to its average volume of 1,087,625. The company has a fifty day moving average price of $38.16 and a two-hundred day moving average price of $34.79. Global-E Online has a 52-week low of $28.11 and a 52-week high of $43.52. The company has a market cap of $6.70 billion, a price-to-earnings ratio of -62.60 and a beta of 1.10.

Institutional Investors Weigh In On Global-E Online

Several institutional investors have recently modified their holdings of GLBE. Russell Investments Group Ltd. lifted its holdings in Global-E Online by 15.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,911 shares of the company's stock worth $215,000 after buying an additional 780 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Global-E Online by 3.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,279 shares of the company's stock valued at $1,755,000 after purchasing an additional 1,523 shares during the last quarter. American International Group Inc. raised its holdings in Global-E Online by 3.2% during the first quarter. American International Group Inc. now owns 15,619 shares of the company's stock worth $568,000 after purchasing an additional 484 shares in the last quarter. Boulder Hill Capital Management LP lifted its position in shares of Global-E Online by 870.5% during the 1st quarter. Boulder Hill Capital Management LP now owns 69,500 shares of the company's stock worth $2,526,000 after buying an additional 62,339 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Global-E Online by 51.2% in the 1st quarter. Capital International Investors now owns 1,003,229 shares of the company's stock valued at $36,467,000 after buying an additional 339,591 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

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.