Piper Sandler Raises Global-E Online (NASDAQ:GLBE) Price Target to $66.00

Global-E Online (NASDAQ:GLBE) had its target price lifted by Piper Sandler from $63.00 to $66.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

GLBE has been the topic of several other reports. Jefferies Financial Group upped their price objective on shares of Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. KeyCorp upped their price target on shares of Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. UBS Group reduced their price objective on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, October 18th. 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 report on Thursday, November 21st. Finally, Wells Fargo & Company upped their price objective on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.58.

Global-E Online Trading Up 0.4 %

Shares of NASDAQ GLBE opened at $52.78 on Monday. Global-E Online has a 12 month low of $28.11 and a 12 month high of $57.85. The stock has a 50 day moving average of $49.91 and a 200-day moving average of $40.70. The company has a market capitalization of $8.67 billion, a P/E ratio of -91.00 and a beta of 1.22.

Hedge Funds Weigh In On Global-E Online

Several hedge funds have recently bought and sold shares of GLBE. Dragoneer Investment Group LLC lifted its position in shares of Global-E Online by 9.6% during the 2nd quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company’s stock worth $534,403,000 after buying an additional 1,288,829 shares during the last quarter. Abdiel Capital Advisors LP lifted its holdings in shares of Global-E Online by 1.4% in the second quarter. Abdiel Capital Advisors LP now owns 6,776,495 shares of the company’s stock worth $245,783,000 after acquiring an additional 95,741 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Global-E Online in the 2nd quarter valued at approximately $83,036,000. JPMorgan Chase & Co. grew its holdings in shares of Global-E Online by 40.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock valued at $70,979,000 after purchasing an additional 533,675 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Global-E Online by 30.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,639,490 shares of the company’s stock worth $59,464,000 after purchasing an additional 378,827 shares in the last quarter. 94.60% of the stock is owned by institutional investors.

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.