73,954 Shares in Global-E Online Ltd. (NASDAQ:GLBE) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 73,954 shares of the company’s stock, valued at approximately $2,843,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLBE. Capital Performance Advisors LLP bought a new stake in shares of Global-E Online in the 3rd quarter valued at approximately $32,000. Toronto Dominion Bank bought a new stake in Global-E Online in the second quarter worth approximately $40,000. Venturi Wealth Management LLC acquired a new position in shares of Global-E Online during the 3rd quarter worth $87,000. Quarry LP raised its holdings in shares of Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after purchasing an additional 1,585 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Global-E Online in the 2nd quarter valued at $220,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

Global-E Online Stock Performance

NASDAQ:GLBE opened at $57.07 on Tuesday. The firm’s 50-day moving average is $44.32 and its 200-day moving average is $37.95. Global-E Online Ltd. has a 52-week low of $28.11 and a 52-week high of $57.67. The company has a market cap of $9.37 billion, a price-to-earnings ratio of -98.40 and a beta of 1.24.

Analysts Set New Price Targets

GLBE has been the subject of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $63.00 price target (up previously from $44.00) on shares of Global-E Online in a research report on Thursday, November 21st. Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Global-E Online in a report on Monday, November 18th. JMP Securities increased their price target on Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a report on Thursday, November 21st. UBS Group reduced their price objective on shares of 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, KeyCorp raised their target price on shares of Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Global-E Online presently has an average rating of “Moderate Buy” and a consensus target price of $51.33.

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.