109,508 Shares in Global-E Online Ltd. (NASDAQ:GLBE) Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 109,508 shares of the company’s stock, valued at approximately $5,971,000. Stephens Investment Management Group LLC owned approximately 0.07% of Global-E Online as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GLBE. Fred Alger Management LLC acquired a new stake in shares of Global-E Online in the 3rd quarter worth $53,493,000. SG Americas Securities LLC raised its stake in Global-E Online by 5,939.0% in the fourth quarter. SG Americas Securities LLC now owns 636,393 shares of the company’s stock valued at $34,703,000 after buying an additional 625,855 shares during the last quarter. Eventide Asset Management LLC boosted its holdings in Global-E Online by 59.1% in the third quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock worth $60,091,000 after acquiring an additional 580,450 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Global-E Online by 40.7% during the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock worth $70,979,000 after acquiring an additional 533,675 shares during the last quarter. Finally, Arohi Asset Management PTE Ltd. increased its holdings in shares of Global-E Online by 128.4% during the third quarter. Arohi Asset Management PTE Ltd. now owns 629,606 shares of the company’s stock valued at $24,202,000 after acquiring an additional 353,973 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GLBE has been the topic of several research analyst reports. Piper Sandler boosted their target price on shares of Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Jefferies Financial Group boosted 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. Raymond James raised their target price 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. UBS Group dropped their price target on Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.25.

Global-E Online Trading Down 0.6 %

Global-E Online stock opened at $59.49 on Monday. The firm has a market cap of $9.77 billion, a PE ratio of -102.57, a P/E/G ratio of 6.16 and a beta of 1.23. Global-E Online Ltd. has a 12 month low of $28.11 and a 12 month high of $61.51. The stock’s 50 day simple moving average is $55.72 and its two-hundred day simple moving average is $44.10.

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.