Sumitomo Mitsui DS Asset Management Company Ltd Has $576,000 Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 38.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,568 shares of the company’s stock after purchasing an additional 2,919 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Global-E Online were worth $576,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 197 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock worth $43,000 after purchasing an additional 748 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Global-E Online during the 3rd quarter worth approximately $32,000. Blue Trust Inc. increased its position in shares of Global-E Online by 696.1% during the 4th quarter. Blue Trust Inc. now owns 2,030 shares of the company’s stock worth $111,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Global-E Online during the 3rd quarter worth approximately $87,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on GLBE. Jefferies Financial Group boosted their price target on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. KeyCorp lifted their target price on Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday. JMP Securities lifted their target price on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 21st. UBS Group reduced their target price on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Global-E Online in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Global-E Online has an average rating of “Moderate Buy” and a consensus price target of $54.08.

Global-E Online Price Performance

Shares of NASDAQ GLBE opened at $61.66 on Thursday. The stock has a market capitalization of $10.13 billion, a PE ratio of -106.31, a P/E/G ratio of 6.16 and a beta of 1.23. The business has a fifty day moving average price of $56.28 and a two-hundred day moving average price of $44.61. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $62.96.

Global-E Online 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.