Barclays PLC Raises Stake in Global-E Online Ltd. (NASDAQ:GLBE)

Barclays PLC lifted its position in Global-E Online Ltd. (NASDAQ:GLBE) by 83.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,636 shares of the company’s stock after purchasing an additional 13,463 shares during the period. Barclays PLC’s holdings in Global-E Online were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Global-E Online in the 3rd quarter worth approximately $32,000. Toronto Dominion Bank purchased a new position in shares of Global-E Online in the second quarter worth $40,000. Venturi Wealth Management LLC bought a new position in shares of Global-E Online during the third quarter worth $87,000. Quarry LP grew its stake in Global-E Online by 226.1% during the third quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after acquiring an additional 1,585 shares in the last quarter. Finally, RiverPark Advisors LLC increased its holdings in Global-E Online by 146.3% in the 3rd quarter. RiverPark Advisors LLC now owns 6,036 shares of the company’s stock valued at $232,000 after acquiring an additional 3,585 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors.

Global-E Online Price Performance

Global-E Online stock opened at $53.09 on Tuesday. Global-E Online Ltd. has a 1-year low of $28.11 and a 1-year high of $57.85. The business has a fifty day moving average price of $50.79 and a 200-day moving average price of $41.16. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of -91.53 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JMP Securities increased their target price on 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. The Goldman Sachs Group boosted their target price on shares of Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of Global-E Online in a report on Monday, November 18th. Raymond James boosted their price objective on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group raised their price objective on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.25.

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.