Juncture Wealth Strategies LLC Buys 494 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Juncture Wealth Strategies LLC boosted its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,161 shares of the company’s stock after acquiring an additional 494 shares during the period. Juncture Wealth Strategies LLC’s holdings in Global-E Online were worth $718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLBE. Fifth Third Bancorp grew its holdings 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 in the last quarter. Capital Performance Advisors LLP bought a new stake in Global-E Online during the third quarter worth about $32,000. Toronto Dominion Bank acquired a new stake in Global-E Online during the second quarter worth about $40,000. Geneos Wealth Management Inc. increased its holdings in Global-E Online by 1,968.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after buying an additional 748 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of Global-E Online in the 3rd quarter valued at approximately $87,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-E Online Trading Up 0.6 %

NASDAQ:GLBE opened at $56.78 on Friday. The stock’s 50-day moving average is $53.61 and its 200-day moving average is $42.38. The stock has a market cap of $9.33 billion, a P/E ratio of -97.90, a price-to-earnings-growth ratio of 5.85 and a beta of 1.22. Global-E Online Ltd. has a 1-year low of $28.11 and a 1-year high of $58.90.

Analysts Set New Price Targets

GLBE has been the topic of several analyst reports. Jefferies Financial Group increased their price target on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. The Goldman Sachs Group lifted their price target on Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Needham & Company LLC reissued a “buy” rating and set a $48.00 price target on shares of Global-E Online in a report on Monday, November 18th. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock. in a research note on Friday, October 18th. Finally, Wells Fargo & Company lifted their target price on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.25.

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.