Tidal Investments LLC Buys 3,129 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Tidal Investments LLC lifted its stake in Global-E Online Ltd. (NASDAQ:GLBE) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,792 shares of the company’s stock after buying an additional 3,129 shares during the quarter. Tidal Investments LLC’s holdings in Global-E Online were worth $2,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Global-E Online in the 3rd quarter worth approximately $32,000. Toronto Dominion Bank purchased a new stake in shares of Global-E Online in the second quarter worth $40,000. Venturi Wealth Management LLC bought a new stake in shares of Global-E Online during the 3rd quarter valued at $87,000. Quarry LP lifted its stake 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 buying an additional 1,585 shares in the last quarter. Finally, RiverPark Advisors LLC boosted its holdings in Global-E Online by 146.3% in the 3rd quarter. RiverPark Advisors LLC now owns 6,036 shares of the company’s stock worth $232,000 after buying an additional 3,585 shares during the period. Institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on GLBE. Benchmark raised their price target on Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 18th. KeyCorp lifted their target price on Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Morgan Stanley lowered shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective for the company. in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 target price on shares of Global-E Online in a report on Monday, November 18th. Finally, Wells Fargo & Company raised their target price on shares of Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

Global-E Online Stock Up 1.6 %

Shares of NASDAQ:GLBE opened at $56.46 on Monday. The firm has a fifty day simple moving average of $43.89 and a two-hundred day simple moving average of $37.78. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $56.62. The stock has a market capitalization of $9.27 billion, a P/E ratio of -97.34 and a beta of 1.24.

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.