Daiwa Securities Group Inc. Has $300,000 Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Daiwa Securities Group Inc. lifted its stake in Global-E Online Ltd. (NASDAQ:GLBE) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,800 shares of the company’s stock after buying an additional 500 shares during the period. Daiwa Securities Group Inc.’s holdings in Global-E Online were worth $300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Global-E Online by 28.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,985 shares of the company’s stock worth $654,000 after buying an additional 3,985 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Global-E Online by 12.4% in the 1st quarter. California State Teachers Retirement System now owns 127,869 shares of the company’s stock valued at $4,648,000 after purchasing an additional 14,139 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Global-E Online by 18.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock worth $146,000 after buying an additional 624 shares during the period. CWM LLC lifted its position in shares of Global-E Online by 38.5% during the 2nd quarter. CWM LLC now owns 21,515 shares of the company’s stock worth $780,000 after buying an additional 5,977 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Global-E Online by 369.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 847,094 shares of the company’s stock valued at $30,724,000 after buying an additional 666,491 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.

Global-E Online Price Performance

Shares of NASDAQ GLBE opened at $52.28 on Monday. The company’s 50 day simple moving average is $40.60 and its 200 day simple moving average is $36.03. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $52.75. The firm has a market capitalization of $8.59 billion, a P/E ratio of -90.14 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GLBE shares. UBS Group dropped their target price on shares of Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and issued a $63.00 target price (up previously from $44.00) on shares of Global-E Online in a research note on Thursday, November 21st. Raymond James increased their price target on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Benchmark raised their target price on Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, JMP Securities upped their price target on shares of Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.33.

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.