KeyCorp Increases Global-E Online (NASDAQ:GLBE) Price Target to $65.00

Global-E Online (NASDAQ:GLBE) had its target price increased by KeyCorp from $55.00 to $65.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently issued reports on GLBE. Jefferies Financial Group raised their price target on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Morgan Stanley downgraded Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target for the company. in a research note on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a research note on Monday, November 18th. Raymond James boosted their target price on shares of Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Piper Sandler increased their price target on shares of Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Global-E Online currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.08.

Global-E Online Stock Down 1.5 %

Shares of Global-E Online stock opened at $61.66 on Monday. Global-E Online has a twelve month low of $28.11 and a twelve month high of $62.96. The company’s 50 day moving average is $56.28 and its 200 day moving average is $44.61. The company has a market cap of $10.13 billion, a price-to-earnings ratio of -106.31, a price-to-earnings-growth ratio of 6.16 and a beta of 1.23.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GLBE. Clearbridge Investments LLC lifted its position in shares of Global-E Online by 1.5% in the fourth quarter. Clearbridge Investments LLC now owns 2,268,618 shares of the company’s stock valued at $123,708,000 after acquiring an additional 34,391 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Global-E Online by 40.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock worth $70,979,000 after purchasing an additional 533,675 shares in the last quarter. Eventide Asset Management LLC boosted its stake in Global-E Online by 59.1% in the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock worth $60,091,000 after purchasing an additional 580,450 shares during the period. State Street Corp grew its holdings in Global-E Online by 3.7% during the 3rd quarter. State Street Corp now owns 1,550,647 shares of the company’s stock valued at $59,607,000 after buying an additional 55,760 shares in the last quarter. Finally, Fred Alger Management LLC bought a new stake in shares of Global-E Online during the third quarter valued at approximately $53,493,000. Institutional investors own 94.60% of the company’s stock.

About Global-E Online

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.