Menora Mivtachim Holdings LTD. Buys 1,268,504 Shares of Global-e Online Ltd. $GLBE

Menora Mivtachim Holdings LTD. lifted its position in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 4,543.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,296,424 shares of the company’s stock after buying an additional 1,268,504 shares during the period. Menora Mivtachim Holdings LTD.’s holdings in Global-e Online were worth $46,360,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GLBE. Virtus Advisers LLC acquired a new position in shares of Global-e Online during the 2nd quarter worth about $47,000. Geneos Wealth Management Inc. boosted its holdings in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Global-e Online by 237.7% in the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after buying an additional 1,376 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Global-e Online by 28.2% in the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock valued at $106,000 after buying an additional 649 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. KeyCorp decreased their price objective on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Needham & Company LLC boosted their price objective on shares of Global-e Online from $40.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Global-e Online presently has a consensus rating of “Moderate Buy” and an average price target of $47.80.

Global-e Online Stock Up 1.1%

Shares of GLBE stock opened at $34.53 on Friday. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $43.21. The company has a market capitalization of $5.86 billion, a PE ratio of 93.32 and a beta of 1.24. The firm has a 50 day moving average price of $35.91 and a two-hundred day moving average price of $36.43.

Global-e Online 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.