Temasek Holdings Private Ltd Decreases Position in Global-E Online Ltd. (NASDAQ:GLBE)

Temasek Holdings Private Ltd lowered its position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 23.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,491,697 shares of the company's stock after selling 1,069,133 shares during the quarter. Temasek Holdings Private Ltd owned 2.13% of Global-E Online worth $134,221,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fred Alger Management LLC bought a new stake in shares of Global-E Online during the 3rd quarter valued at about $53,493,000. Dragoneer Investment Group LLC boosted its holdings in Global-E Online by 9.6% in the 2nd quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company's stock worth $534,403,000 after buying an additional 1,288,829 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Global-E Online during the 2nd quarter valued at $623,000. Clearbridge Investments LLC bought a new stake in Global-E Online in the second quarter worth $83,036,000. Finally, Summit Creek Advisors LLC bought a new stake in shares of Global-E Online during the second quarter valued at approximately $11,449,000. Institutional investors own 94.60% of the company's stock.

Global-E Online Trading Up 1.0 %

Shares of Global-E Online stock traded up $0.55 during trading on Friday, hitting $53.73. The stock had a trading volume of 302,876 shares, compared to its average volume of 1,145,252. The business's 50-day moving average is $41.80 and its 200 day moving average is $36.64. Global-E Online Ltd. has a 12 month low of $28.11 and a 12 month high of $54.01. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of -91.69 and a beta of 1.24.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GLBE shares. Morgan Stanley lowered Global-E Online from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a research report on Friday, October 18th. Benchmark upped their price target on shares of Global-E Online from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. Raymond James lifted their target price 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. 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. Finally, Piper Sandler reiterated an "overweight" rating and issued a $63.00 target price (up previously from $44.00) on shares of Global-E Online in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Global-E Online currently 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.