Mirae Asset Global Investments Co. Ltd. increased its position in shares of Global-E Online Ltd. (NASDAQ:GLBE – Free Report) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 63,394 shares of the company’s stock after purchasing an additional 1,670 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Global-E Online were worth $2,512,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in GLBE. RiverPark Advisors LLC purchased a new position in shares of Global-E Online during the 3rd quarter worth about $26,000. Quarry LP lifted its holdings in Global-E Online by 169.9% during the 1st quarter. Quarry LP now owns 915 shares of the company’s stock valued at $29,000 after buying an additional 576 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Global-E Online during the 2nd quarter valued at about $32,000. Money Concepts Capital Corp bought a new stake in Global-E Online during the 4th quarter valued at about $40,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in Global-E Online by 23.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,025 shares of the company’s stock valued at $41,000 after buying an additional 378 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.
Global-E Online Stock Performance
NASDAQ:GLBE opened at $33.69 on Friday. Global-E Online Ltd. has a one year low of $26.01 and a one year high of $45.72. The firm has a market cap of $5.53 billion, a P/E ratio of -41.59 and a beta of 1.10. The firm has a 50-day simple moving average of $35.69 and a 200-day simple moving average of $36.42.
Analyst Ratings Changes
GLBE has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $50.00 price objective on shares of Global-E Online in a report on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price objective on shares of Global-E Online in a report on Friday, April 5th. Wells Fargo & Company reiterated an “overweight” rating and set a $40.00 price objective on shares of Global-E Online in a report on Monday, April 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Global-E Online from $36.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, January 11th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.
View Our Latest Analysis on GLBE
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.
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