Global-E Online Ltd. (NASDAQ:GLBE) Shares Bought by Barton Investment Management

Barton Investment Management increased its position in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,002,687 shares of the company’s stock after buying an additional 2,403 shares during the quarter. Global-E Online comprises about 5.8% of Barton Investment Management’s portfolio, making the stock its 4th biggest position. Barton Investment Management’s holdings in Global-E Online were worth $54,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 197 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Global-E Online in the third quarter valued at $32,000. Geneos Wealth Management Inc. increased its position in shares of Global-E Online by 1,968.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock worth $43,000 after acquiring an additional 748 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Global-E Online in the 3rd quarter worth about $87,000. Finally, Quarry LP lifted its position in Global-E Online by 226.1% in the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after acquiring an additional 1,585 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on GLBE shares. Raymond James boosted their price objective on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. UBS Group lowered their price target on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. KeyCorp lifted their price objective on shares of Global-E Online from $38.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price on shares of Global-E Online in a report on Monday, November 18th. Finally, The Goldman Sachs Group boosted their price target 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. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Global-E Online presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.25.

Global-E Online Price Performance

NASDAQ:GLBE opened at $60.37 on Thursday. The company has a market capitalization of $9.92 billion, a P/E ratio of -104.09, a P/E/G ratio of 6.16 and a beta of 1.23. The business has a fifty day simple moving average of $55.42 and a two-hundred day simple moving average of $43.69. Global-E Online Ltd. has a 1 year low of $28.11 and a 1 year high of $61.51.

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.