JPMorgan Chase & Co. Has $91.97 Million Stock Position in Global-e Online Ltd. $GLBE

JPMorgan Chase & Co. lessened its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 28.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,571,970 shares of the company’s stock after selling 1,045,314 shares during the quarter. JPMorgan Chase & Co.’s holdings in Global-e Online were worth $91,974,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada grew its position in Global-e Online by 87.4% during the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock worth $2,684,000 after acquiring an additional 35,120 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Global-e Online by 17.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after purchasing an additional 8,239 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Global-e Online by 43.8% during the second quarter. Asset Management One Co. Ltd. now owns 57,285 shares of the company’s stock worth $1,921,000 after purchasing an additional 17,455 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Global-e Online by 109.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 56,536 shares of the company’s stock worth $1,896,000 after purchasing an additional 29,507 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Stock Down 3.9%

GLBE opened at $34.68 on Tuesday. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $46.33. The company has a fifty day moving average of $37.12 and a 200-day moving average of $36.23. The stock has a market cap of $5.89 billion, a PE ratio of 93.73 and a beta of 1.24.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Needham & Company LLC raised their price objective on shares of Global-e Online from $40.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Global-e Online in a research note on Monday, December 29th. Truist Financial set a $43.00 price target on shares of Global-e Online in a report on Tuesday, January 20th. Bank of America restated a “buy” rating on shares of Global-e Online in a report on Wednesday, February 18th. Finally, Benchmark lifted their target price on Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.90.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.