TimesSquare Capital Management LLC Has $42.04 Million Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

TimesSquare Capital Management LLC boosted its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 6.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 770,999 shares of the company’s stock after buying an additional 45,739 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Global-E Online were worth $42,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in shares of Global-E Online by 41.9% in the 4th quarter. New York State Common Retirement Fund now owns 46,238 shares of the company’s stock worth $2,521,000 after purchasing an additional 13,644 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Global-E Online by 79.7% in the 4th quarter. Truist Financial Corp now owns 30,837 shares of the company’s stock worth $1,682,000 after purchasing an additional 13,678 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Global-E Online by 13.0% in the 4th quarter. CIBC Asset Management Inc now owns 10,645 shares of the company’s stock worth $580,000 after purchasing an additional 1,225 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Global-E Online by 1,701.7% in the 4th quarter. Principal Financial Group Inc. now owns 121,576 shares of the company’s stock worth $6,630,000 after purchasing an additional 114,828 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Global-E Online by 3.7% in the 4th quarter. Rhumbline Advisers now owns 31,418 shares of the company’s stock worth $1,713,000 after purchasing an additional 1,123 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $48.00 price objective on shares of Global-E Online in a report on Monday, November 18th. Wells Fargo & Company increased their price objective on shares of Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. The Goldman Sachs Group increased their price objective on shares of Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Piper Sandler upped their target price on shares of Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Jefferies Financial Group upped their target price on shares of Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Global-E Online presently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

Global-E Online Trading Down 1.5 %

Shares of NASDAQ:GLBE opened at $61.90 on Wednesday. The firm’s 50 day simple moving average is $56.99 and its 200 day simple moving average is $45.51. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $63.69.

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.