Stifel Financial Corp Cuts Position in Global-E Online Ltd. (NASDAQ:GLBE)

Stifel Financial Corp reduced its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 8.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 42,338 shares of the company’s stock after selling 4,137 shares during the period. Stifel Financial Corp’s holdings in Global-E Online were worth $1,627,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Global-E Online during the third quarter worth about $32,000. Toronto Dominion Bank acquired a new position in Global-E Online during the 2nd quarter worth approximately $40,000. Venturi Wealth Management LLC purchased a new position in Global-E Online in the 3rd quarter worth approximately $87,000. Quarry LP grew its position in Global-E Online by 226.1% in the third quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after acquiring an additional 1,585 shares in the last quarter. Finally, RiverPark Advisors LLC raised its stake in shares of Global-E Online by 146.3% during the third quarter. RiverPark Advisors LLC now owns 6,036 shares of the company’s stock valued at $232,000 after purchasing an additional 3,585 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Price Performance

NASDAQ GLBE opened at $54.78 on Friday. Global-E Online Ltd. has a 12 month low of $28.11 and a 12 month high of $57.85. The company has a market capitalization of $9.00 billion, a P/E ratio of -94.45 and a beta of 1.24. The company’s 50 day simple moving average is $45.73 and its 200 day simple moving average is $38.52.

Analyst Ratings Changes

GLBE has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted 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. JMP Securities boosted their price target on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 21st. Piper Sandler restated an “overweight” rating and set a $63.00 price objective (up previously from $44.00) on shares of Global-E Online in a research note on Thursday, November 21st. KeyCorp upped their target price on Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Monday, November 18th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Global-E Online currently has a consensus rating of “Moderate Buy” and an average target price of $51.33.

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.