Envestnet Asset Management Inc. Raises Position in Global-e Online Ltd. (NASDAQ:GLBE)

Envestnet Asset Management Inc. grew its position in Global-e Online Ltd. (NASDAQ:GLBEGet Rating) by 24.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 70,745 shares of the company’s stock after buying an additional 14,107 shares during the period. Envestnet Asset Management Inc.’s holdings in Global-e Online were worth $1,427,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Asset Management One Co. Ltd. grew its stake in shares of Global-e Online by 22.9% in the second quarter. Asset Management One Co. Ltd. now owns 2,418 shares of the company’s stock worth $48,000 after acquiring an additional 451 shares during the period. Prospera Financial Services Inc bought a new stake in shares of Global-e Online in the first quarter worth approximately $71,000. Captrust Financial Advisors grew its stake in shares of Global-e Online by 19,195.0% in the first quarter. Captrust Financial Advisors now owns 3,859 shares of the company’s stock worth $130,000 after acquiring an additional 3,839 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Global-e Online by 56.1% in the first quarter. Advisors Asset Management Inc. now owns 4,832 shares of the company’s stock worth $163,000 after acquiring an additional 1,737 shares during the period. Finally, Park Avenue Securities LLC grew its stake in shares of Global-e Online by 25.5% in the second quarter. Park Avenue Securities LLC now owns 11,996 shares of the company’s stock worth $242,000 after acquiring an additional 2,437 shares during the period. 68.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLBE has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Global-e Online from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. The Goldman Sachs Group reduced their price target on shares of Global-e Online from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, November 17th. Jefferies Financial Group cut their target price on shares of Global-e Online from $42.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, November 17th. KeyCorp cut their target price on shares of Global-e Online from $40.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, November 17th. Finally, Needham & Company LLC boosted their target price on shares of Global-e Online from $25.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $36.67.

Global-e Online Price Performance

GLBE opened at $19.11 on Tuesday. The firm has a market cap of $2.97 billion, a P/E ratio of -15.79 and a beta of 1.07. Global-e Online Ltd. has a 1-year low of $15.63 and a 1-year high of $69.83. The company has a 50 day simple moving average of $26.04 and a two-hundred day simple moving average of $24.85.

Global-e Online Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Global-e Online (NASDAQ:GLBE)

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