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

Juncture Wealth Strategies LLC grew its position in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,161 shares of the company’s stock after acquiring an additional 494 shares during the quarter. 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 also recently made changes to their positions in the business. Clearbridge Investments LLC acquired a new position in Global-E Online during the second quarter worth $83,036,000. JPMorgan Chase & Co. grew its holdings in shares of Global-E Online by 40.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock valued at $70,979,000 after acquiring an additional 533,675 shares in the last quarter. Eventide Asset Management LLC increased its position in shares of Global-E Online by 59.1% in the third quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock valued at $60,091,000 after acquiring an additional 580,450 shares during the last quarter. State Street Corp raised its holdings in Global-E Online by 3.7% during the third quarter. State Street Corp now owns 1,550,647 shares of the company’s stock worth $59,607,000 after acquiring an additional 55,760 shares in the last quarter. Finally, Fred Alger Management LLC acquired a new position in Global-E Online during the third quarter valued at approximately $53,493,000. 94.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Global-E Online Price Performance

GLBE stock opened at $56.78 on Friday. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $58.90. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of -97.90, a PEG ratio of 5.85 and a beta of 1.22. The business’s fifty day moving average price is $53.61 and its two-hundred day moving average price is $42.38.

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.