Wealth Effects LLC Grows Stake in Global-E Online Ltd. (NASDAQ:GLBE)

Wealth Effects LLC increased its holdings in Global-E Online Ltd. (NASDAQ:GLBE) by 6.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,225 shares of the company’s stock after buying an additional 875 shares during the period. Wealth Effects LLC’s holdings in Global-E Online were worth $830,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC bought a new stake in shares of Global-E Online during the 2nd quarter valued at about $83,036,000. JPMorgan Chase & Co. lifted its position in Global-E Online by 40.7% during 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 last quarter. Eventide Asset Management LLC lifted its position in Global-E Online by 59.1% during the third 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. State Street Corp increased its holdings in shares of Global-E Online by 3.7% in the 3rd quarter. State Street Corp now owns 1,550,647 shares of the company’s stock worth $59,607,000 after buying an additional 55,760 shares during the last quarter. Finally, Fred Alger Management LLC purchased a new stake in shares of Global-E Online during the 3rd quarter valued at $53,493,000. Institutional investors own 94.60% of the company’s stock.

Global-E Online Trading Up 2.2 %

Shares of GLBE stock opened at $58.03 on Tuesday. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $58.90. The business’s 50 day moving average price is $53.96 and its 200-day moving average price is $42.57.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GLBE shares. KeyCorp increased their target price on Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Monday, November 18th. The Goldman Sachs Group boosted their price objective on shares of Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Morgan Stanley lowered shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price on the stock. in a report on Friday, October 18th. Finally, Raymond James boosted their price target on shares of Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.25.

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.