Investors Purchase High Volume of Global-E Online Call Options (NASDAQ:GLBE)

Global-E Online Ltd. (NASDAQ:GLBE) was the target of unusually large options trading on Tuesday. Stock investors purchased 20,287 call options on the stock. This represents an increase of 702% compared to the typical volume of 2,530 call options.

Global-E Online Trading Up 0.5 %

NASDAQ GLBE opened at $60.50 on Thursday. Global-E Online has a 12 month low of $28.11 and a 12 month high of $61.24. The company’s 50 day simple moving average is $54.56 and its 200 day simple moving average is $42.86.

Analyst Upgrades and Downgrades

GLBE has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Jefferies Financial Group increased their price target on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Piper Sandler lifted their price objective on shares of Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. UBS Group decreased their target price on shares of 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. Finally, Morgan Stanley cut shares of 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. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its stake in shares of Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 197 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Global-E Online by 1,968.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after purchasing an additional 748 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Global-E Online in the 3rd quarter valued at $32,000. Toronto Dominion Bank purchased a new position in Global-E Online in the 2nd quarter worth about $40,000. Finally, Blue Trust Inc. raised its holdings in Global-E Online by 696.1% during the 4th quarter. Blue Trust Inc. now owns 2,030 shares of the company’s stock worth $111,000 after buying an additional 1,775 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

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.