Stock Traders Buy High Volume of Global-E Online Call Options (NASDAQ:GLBE)

Global-E Online Ltd. (NASDAQ:GLBE) saw some unusual options trading on Wednesday. Stock traders acquired 3,143 call options on the company. This is an increase of 103% compared to the typical daily volume of 1,551 call options.

Analyst Upgrades and Downgrades

GLBE has been the subject of several research reports. Benchmark raised their price objective on shares of Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price target on shares of Global-E Online in a report on Monday. Raymond James boosted their price objective on shares of Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday. Piper Sandler restated an “overweight” rating and set a $63.00 target price (up previously from $44.00) on shares of Global-E Online in a report on Thursday. Finally, Morgan Stanley downgraded shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price on the stock. in a report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.92.

Global-E Online Stock Up 4.2 %

Shares of NASDAQ GLBE opened at $49.89 on Friday. The company has a market cap of $8.19 billion, a price-to-earnings ratio of -76.75 and a beta of 1.10. The firm’s fifty day moving average is $38.90 and its 200 day moving average is $35.12. Global-E Online has a 52 week low of $28.11 and a 52 week high of $52.26.

Institutional Investors Weigh In On Global-E Online

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of Global-E Online in the 3rd quarter worth approximately $32,000. Toronto Dominion Bank bought a new position in shares of Global-E Online during the 2nd quarter valued at about $40,000. Venturi Wealth Management LLC purchased a new position in Global-E Online during the 3rd quarter valued at approximately $87,000. Quarry LP increased its position in Global-E Online by 226.1% in the third quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $88,000 after purchasing an additional 1,585 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Global-E Online by 18.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock valued at $146,000 after buying an additional 624 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.