Oppenheimer & Co. Inc. Trims Stock Position in Global-E Online Ltd. (NASDAQ:GLBE)

Oppenheimer & Co. Inc. lessened its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 15.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,169 shares of the company’s stock after selling 1,097 shares during the period. Oppenheimer & Co. Inc.’s holdings in Global-E Online were worth $237,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Global-E Online during the 3rd quarter valued at about $32,000. Toronto Dominion Bank bought a new position in shares of Global-E Online during the second quarter valued at approximately $40,000. Venturi Wealth Management LLC purchased a new position in Global-E Online during the third quarter valued at approximately $87,000. DekaBank Deutsche Girozentrale raised its stake in Global-E Online by 18.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock worth $146,000 after buying an additional 624 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Global-E Online by 15.2% during the first quarter. Russell Investments Group Ltd. now owns 5,911 shares of the company’s stock worth $215,000 after buying an additional 780 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Performance

Shares of NASDAQ:GLBE opened at $49.89 on Friday. Global-E Online Ltd. has a 12-month low of $28.11 and a 12-month high of $52.26. The business has a 50 day moving average of $39.16 and a two-hundred day moving average of $35.24. The company has a market capitalization of $8.19 billion, a PE ratio of -76.75 and a beta of 1.10.

Analyst Upgrades and Downgrades

GLBE has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Global-E Online in a report on Monday, November 18th. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price on the stock. in a research note on Friday, October 18th. Benchmark increased their price target 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, November 18th. UBS Group cut their price objective on shares of Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Finally, Piper Sandler reissued an “overweight” rating and set a $63.00 target price (up previously from $44.00) on shares of Global-E Online in a research report on Thursday. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Global-E Online presently has an average rating of “Moderate Buy” and a consensus price target of $49.92.

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.