Harbor Capital Advisors Inc. Has $482,000 Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Harbor Capital Advisors Inc. reduced its stake in Global-E Online Ltd. (NASDAQ:GLBE) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,841 shares of the company’s stock after selling 581 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Global-E Online were worth $482,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Global-E Online during the third quarter worth approximately $32,000. Toronto Dominion Bank acquired a new position in Global-E Online in the 2nd quarter valued at $40,000. Venturi Wealth Management LLC bought a new position in Global-E Online during the 3rd quarter worth $87,000. Quarry LP lifted its holdings in shares of Global-E Online by 226.1% during the third quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $88,000 after buying an additional 1,585 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Global-E Online in the second quarter valued at about $220,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Stock Performance

Shares of GLBE opened at $54.53 on Wednesday. Global-E Online Ltd. has a 52-week low of $28.11 and a 52-week high of $57.85. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of -94.02 and a beta of 1.22. The business’s fifty day moving average is $51.11 and its 200-day moving average is $41.29.

Analysts Set New Price Targets

Several analysts have weighed in on GLBE shares. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a research note on Monday, November 18th. Benchmark lifted 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. Piper Sandler increased their price target on Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. JMP Securities raised their price objective 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, UBS Group cut their target price on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.25.

About Global-E Online

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.