Barclays PLC Purchases 13,463 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Barclays PLC boosted its position in Global-E Online Ltd. (NASDAQ:GLBE) by 83.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,636 shares of the company’s stock after acquiring an additional 13,463 shares during the period. Barclays PLC’s holdings in Global-E Online were worth $1,139,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in Global-E Online in the 3rd quarter worth $32,000. Toronto Dominion Bank bought a new position in Global-E Online in the second quarter worth $40,000. Venturi Wealth Management LLC purchased a new position in Global-E Online during the third quarter valued at $87,000. Quarry LP boosted its holdings in shares of Global-E Online by 226.1% during 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 in the last quarter. Finally, RiverPark Advisors LLC grew its position in shares of Global-E Online by 146.3% in the 3rd quarter. RiverPark Advisors LLC now owns 6,036 shares of the company’s stock worth $232,000 after buying an additional 3,585 shares during the period. 94.60% of the stock is owned by institutional investors.

Global-E Online Trading Down 1.3 %

GLBE opened at $55.01 on Monday. Global-E Online Ltd. has a 1-year low of $28.11 and a 1-year high of $57.85. The firm’s 50 day simple moving average is $47.44 and its two-hundred day simple moving average is $39.49. The company has a market capitalization of $9.04 billion, a PE ratio of -94.84 and a beta of 1.24.

Wall Street Analyst Weigh In

GLBE has been the subject of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $63.00 target price (up previously from $44.00) on shares of Global-E Online in a research note on Thursday, November 21st. 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 lifted their price objective on Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 18th. JMP Securities increased their target price on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 21st. Finally, Raymond James lifted their price target on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

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.