Global-E Online Ltd. (NASDAQ:GLBE) Holdings Reduced by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. cut its position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 61.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 180,000 shares of the company's stock after selling 281,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.11% of Global-E Online worth $9,815,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GLBE. Fifth Third Bancorp raised its position in shares of Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after purchasing an additional 197 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Global-E Online by 4.4% in the 3rd quarter. CIBC Asset Management Inc now owns 9,420 shares of the company's stock valued at $362,000 after acquiring an additional 393 shares during the last quarter. Juncture Wealth Strategies LLC boosted its stake in Global-E Online by 3.9% in the 4th quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company's stock worth $718,000 after buying an additional 494 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Global-E Online by 6.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the company's stock valued at $300,000 after buying an additional 500 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Global-E Online by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 32,828 shares of the company's stock worth $1,235,000 after acquiring an additional 508 shares during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Benchmark boosted their price objective on shares of Global-E Online from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Jefferies Financial Group raised their target price on shares of Global-E Online from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Piper Sandler raised their price objective on Global-E Online from $63.00 to $66.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. UBS Group dropped their target price on Global-E Online from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Finally, KeyCorp increased their price objective on shares of Global-E Online from $55.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $54.08.

Global-E Online Trading Up 3.8 %

NASDAQ GLBE traded up $2.24 on Monday, hitting $61.73. 1,364,642 shares of the stock traded hands, compared to its average volume of 1,223,699. The stock has a 50-day moving average of $55.72 and a 200 day moving average of $44.10. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month high of $62.85. The company has a market capitalization of $10.14 billion, a P/E ratio of -106.08, a price-to-earnings-growth ratio of 6.16 and a beta of 1.23.

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.