Blue Trust Inc. Grows Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Blue Trust Inc. increased its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 696.1% in the 4th quarter, HoldingsChannel reports. The firm owned 2,030 shares of the company’s stock after acquiring an additional 1,775 shares during the quarter. Blue Trust Inc.’s holdings in Global-E Online were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fred Alger Management LLC acquired a new stake in Global-E Online in the third quarter valued at approximately $53,493,000. SG Americas Securities LLC grew its holdings in Global-E Online by 5,939.0% in the 4th 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 in the last quarter. Eventide Asset Management LLC boosted its holdings in Global-E Online by 59.1% in the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock valued at $60,091,000 after purchasing an additional 580,450 shares during the last quarter. JPMorgan Chase & Co. raised its position in Global-E Online by 40.7% in the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock valued at $70,979,000 after purchasing an additional 533,675 shares during the period. Finally, Arohi Asset Management PTE Ltd. boosted its stake in 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 worth $24,202,000 after buying an additional 353,973 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $48.00 target price on shares of Global-E Online in a research note on Monday, November 18th. Wells Fargo & Company boosted their price objective on Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. The Goldman Sachs Group lifted their price target on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Benchmark increased their price objective on Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Jefferies Financial Group boosted their target price 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.25.

Global-E Online Stock Down 0.8 %

GLBE opened at $59.86 on Friday. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of -103.21, a price-to-earnings-growth ratio of 6.16 and a beta of 1.23. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $61.51. The business’s 50 day moving average is $55.58 and its two-hundred day moving average is $43.81.

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.