Global-E Online (NASDAQ:GLBE) Price Target Raised to $66.00 at Piper Sandler

Global-E Online (NASDAQ:GLBEFree Report) had its price target upped by Piper Sandler from $63.00 to $66.00 in a research note issued to investors on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on GLBE. UBS Group reduced their price objective on shares of Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Wells Fargo & Company raised their price target 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. Jefferies Financial Group upped their price objective on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Raymond James raised their target price on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of Global-E Online in a research note on Monday, November 18th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Global-E Online has an average rating of “Moderate Buy” and a consensus target price of $51.58.

View Our Latest Research Report on GLBE

Global-E Online Stock Down 1.6 %

Shares of GLBE stock opened at $54.12 on Monday. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of -93.31 and a beta of 1.22. Global-E Online has a 12 month low of $28.11 and a 12 month high of $57.85. The stock has a 50-day moving average price of $49.37 and a 200 day moving average price of $40.46.

Hedge Funds Weigh In On Global-E Online

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fred Alger Management LLC acquired a new position in shares of Global-E Online during the third quarter worth about $53,493,000. JPMorgan Chase & Co. grew its stake in shares of Global-E Online by 40.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock worth $70,979,000 after acquiring an additional 533,675 shares in the last quarter. Dragoneer Investment Group LLC raised its holdings in shares of Global-E Online by 9.6% in the second quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company’s stock valued at $534,403,000 after purchasing an additional 1,288,829 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Global-E Online in the second quarter worth $623,000. Finally, Public Sector Pension Investment Board lifted its position in shares of Global-E Online by 23.8% in the third quarter. Public Sector Pension Investment Board now owns 51,950 shares of the company’s stock worth $1,997,000 after purchasing an additional 10,000 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

About Global-E Online

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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.

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Analyst Recommendations for Global-E Online (NASDAQ:GLBE)

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