Global-E Online Ltd. (NASDAQ:GLBE) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 23.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,950 shares of the company's stock after acquiring an additional 10,000 shares during the period. Public Sector Pension Investment Board's holdings in Global-E Online were worth $1,997,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Global-E Online in the third quarter worth $32,000. Toronto Dominion Bank purchased a new position in Global-E Online in the second quarter worth about $40,000. Venturi Wealth Management LLC purchased a new stake in Global-E Online during the 3rd quarter valued at $87,000. DekaBank Deutsche Girozentrale increased its holdings in Global-E Online by 18.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company's stock worth $146,000 after buying an additional 624 shares in the last quarter. Finally, RiverPark Advisors LLC raised its stake in Global-E Online by 146.3% during the 3rd quarter. RiverPark Advisors LLC now owns 6,036 shares of the company's stock valued at $232,000 after buying an additional 3,585 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.

Global-E Online Price Performance

GLBE stock traded up $1.03 during mid-day trading on Friday, reaching $54.21. 685,253 shares of the company's stock were exchanged, compared to its average volume of 1,147,519. The company has a market cap of $8.90 billion, a price-to-earnings ratio of -91.69 and a beta of 1.24. Global-E Online Ltd. has a 12-month low of $28.11 and a 12-month high of $54.24. The stock's 50 day moving average is $41.80 and its 200 day moving average is $36.64.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GLBE. Bank of America dropped their price objective on Global-E Online from $47.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. KeyCorp upped their price objective on Global-E Online from $38.00 to $55.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. Wells Fargo & Company raised their price objective on Global-E Online from $45.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Raymond James increased their price objective on shares of Global-E Online from $41.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group increased their price objective on Global-E Online from $45.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Global-E Online has a consensus rating of "Moderate Buy" and an average price target of $51.33.

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.