52,600 Shares in Global-E Online Ltd. (NASDAQ:GLBE) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52,600 shares of the company's stock, valued at approximately $2,868,000.

Other hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP purchased a new position in shares of Global-E Online during the fourth quarter valued at approximately $802,000. Atria Investments Inc purchased a new position in shares of Global-E Online in the 4th quarter worth about $214,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Global-E Online by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,032 shares of the company's stock worth $3,982,000 after buying an additional 1,881 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Global-E Online during the fourth quarter valued at approximately $99,000. Finally, US Bancorp DE bought a new stake in shares of Global-E Online during the fourth quarter valued at approximately $157,000. Institutional investors own 94.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on GLBE shares. UBS Group cut their target price on Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. KeyCorp boosted their target price on Global-E Online from $55.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Morgan Stanley raised shares of Global-E Online from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $55.00 to $46.00 in a report on Wednesday, March 26th. The Goldman Sachs Group decreased their price objective on shares of Global-E Online from $59.00 to $47.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $57.00.

Global-E Online Stock Up 4.1 %

GLBE traded up $1.49 during trading on Wednesday, hitting $37.48. The company's stock had a trading volume of 1,420,658 shares, compared to its average volume of 1,296,243. The business's 50 day simple moving average is $47.43 and its 200-day simple moving average is $46.61. The firm has a market cap of $6.16 billion, a PE ratio of -85.18, a P/E/G ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a one year low of $28.11 and a one year high of $63.69.

Global-E Online (NASDAQ:GLBE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company had revenue of $262.91 million for the quarter, compared to analysts' expectations of $250.96 million. During the same period last year, the firm earned $0.22 EPS. Global-E Online's revenue for the quarter was up 41.8% compared to the same quarter last year. Equities research analysts expect that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.

About Global-E Online

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.