Shares of Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday after BMO Capital Markets raised their price target on the stock from $42.00 to $46.00. BMO Capital Markets currently has an outperform rating on the stock. Global-e Online traded as high as $42.00 and last traded at $42.30, with a volume of 1258 shares. The stock had previously closed at $41.53.
A number of other equities analysts have also recently weighed in on the company. Benchmark reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Piper Sandler reissued an “overweight” rating and set a $48.00 price target on shares of Global-e Online in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.83.
Insider Transactions at Global-e Online
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of Global-e Online by 105.3% during the fourth quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock valued at $22,727,000 after acquiring an additional 296,466 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Global-e Online by 64.4% in the fourth quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock worth $25,159,000 after purchasing an additional 250,625 shares during the last quarter. Vitruvian Partners LLP grew its stake in shares of Global-e Online by 21.9% in the fourth quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock worth $8,263,000 after purchasing an additional 37,767 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Global-e Online by 51.7% during the 4th quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company’s stock valued at $4,484,000 after purchasing an additional 38,869 shares during the period. Finally, Next Century Growth Investors LLC raised its position in Global-e Online by 38.6% during the 4th quarter. Next Century Growth Investors LLC now owns 274,708 shares of the company’s stock valued at $10,799,000 after purchasing an additional 76,452 shares during the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.
Global-e Online Stock Performance
The business has a 50-day simple moving average of $35.26 and a 200 day simple moving average of $33.76. The firm has a market cap of $7.18 billion, a P/E ratio of 65.08 and a beta of 1.03.
About Global-e Online
Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.
Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.
Further Reading
- Five stocks we like better than Global-e Online
- CoreWeave Powers Up: The Asia Infrastructure Grab
- Boot Barn Stock Still Has Room to Run, But It Must Earn Its Premium
- Palantir Soars 30% After Blockbuster Earnings—Is the Rally Just Getting Started?
- Visa’s BioCatch Deal Could Make Fraud Prevention a Bigger Business
Receive News & Ratings for Global-e Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global-e Online and related companies with MarketBeat.com's FREE daily email newsletter.
