Oppenheimer Asset Management Inc. Has $782,000 Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Oppenheimer Asset Management Inc. lifted its holdings in Global-E Online Ltd. (NASDAQ:GLBE) by 38.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,345 shares of the company’s stock after buying an additional 5,621 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Global-E Online were worth $782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Global-E Online in the third quarter worth $32,000. Toronto Dominion Bank purchased a new stake in shares of Global-E Online during the second quarter worth $40,000. Venturi Wealth Management LLC purchased a new stake in shares of Global-E Online during the third quarter worth $87,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Global-E Online by 18.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock worth $146,000 after acquiring an additional 624 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Global-E Online by 15.2% during the first quarter. Russell Investments Group Ltd. now owns 5,911 shares of the company’s stock worth $215,000 after acquiring an additional 780 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Stock Performance

Global-E Online stock opened at $40.82 on Tuesday. The business’s 50-day simple moving average is $38.28 and its 200-day simple moving average is $34.85. The firm has a market capitalization of $6.70 billion, a PE ratio of -62.80 and a beta of 1.10. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $43.52.

Analysts Set New Price Targets

Several brokerages recently issued reports on GLBE. UBS Group cut 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. Jefferies Financial Group raised their target price on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday. Benchmark raised their target price on Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a report on Monday. KeyCorp cut their target price on Global-E Online from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $48.00 target price on shares of Global-E Online in a report on Monday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.27.

Global-E Online 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.