The Goldman Sachs Group Increases Global-E Online (NASDAQ:GLBE) Price Target to $63.00

Global-E Online (NASDAQ:GLBE - Free Report) had its price objective increased by The Goldman Sachs Group from $56.00 to $63.00 in a research report sent to investors on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. UBS Group lowered their price target 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. Benchmark raised their price target on shares of Global-E Online from $41.00 to $45.00 and gave the company a "buy" rating in a report on Monday, November 18th. Raymond James increased their price target on Global-E Online from $41.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Wells Fargo & Company raised their target price on Global-E Online from $45.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Finally, JMP Securities upped their price objective on shares of Global-E Online from $46.00 to $64.00 and gave the company a "market outperform" rating 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.25.

Global-E Online Stock Up 1.2 %

Shares of GLBE traded up $0.64 during mid-day trading on Friday, reaching $53.42. The company's stock had a trading volume of 1,394,828 shares, compared to its average volume of 1,095,805. Global-E Online has a 1 year low of $28.11 and a 1 year high of $57.85. The company has a market cap of $8.77 billion, a price-to-earnings ratio of -92.10 and a beta of 1.22. The business has a fifty day moving average of $50.20 and a 200 day moving average of $40.78.

Hedge Funds Weigh In On Global-E Online

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in Global-E Online in the 3rd quarter worth $32,000. Toronto Dominion Bank acquired a new position in shares of Global-E Online during the second quarter worth about $40,000. Venturi Wealth Management LLC bought a new position in shares of Global-E Online during the third quarter worth about $87,000. Quarry LP raised its position in Global-E Online by 226.1% in the 3rd quarter. Quarry LP now owns 2,286 shares of the company's stock valued at $88,000 after buying an additional 1,585 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in Global-E Online in the 3rd quarter valued at approximately $223,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Company 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.