Global-E Online Ltd. (NASDAQ:GLBE) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 385.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,768 shares of the company's stock after purchasing an additional 33,159 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Global-E Online were worth $2,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GLBE. Wealth Effects LLC increased its holdings in shares of Global-E Online by 6.1% in the fourth quarter. Wealth Effects LLC now owns 15,225 shares of the company's stock valued at $830,000 after purchasing an additional 875 shares during the period. Mount Yale Investment Advisors LLC boosted its position in Global-E Online by 143.8% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company's stock valued at $1,118,000 after buying an additional 12,094 shares during the last quarter. Blue Trust Inc. boosted its position in Global-E Online by 696.1% in the fourth quarter. Blue Trust Inc. now owns 2,030 shares of the company's stock valued at $111,000 after buying an additional 1,775 shares during the last quarter. Juncture Wealth Strategies LLC raised its position in Global-E Online by 3.9% during 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. Finally, Geneos Wealth Management Inc. lifted its stake in Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock valued at $43,000 after acquiring an additional 748 shares during the period. Hedge funds and other institutional investors own 94.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Global-E Online from $56.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. UBS Group reduced their price objective on Global-E Online from $50.00 to $48.00 and set a "buy" rating for the company in a research note on Friday, October 18th. Wells Fargo & Company raised their target price on Global-E Online from $45.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Morgan Stanley downgraded Global-E Online from an "overweight" rating to an "equal weight" rating and set a $40.00 price target for the company. in a report on Friday, October 18th. Finally, Raymond James raised their price objective on shares of Global-E Online from $41.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $53.25.

Global-E Online Price Performance

Global-E Online stock traded down $0.37 during midday trading on Friday, reaching $59.49. The company had a trading volume of 744,978 shares, compared to its average volume of 1,219,282. Global-E Online Ltd. has a 12-month low of $28.11 and a 12-month high of $61.51. The company has a market capitalization of $9.77 billion, a P/E ratio of -102.57, a P/E/G ratio of 6.16 and a beta of 1.23. The firm's fifty day simple moving average is $55.72 and its 200-day simple moving average is $43.97.

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.