Mount Yale Investment Advisors LLC Grows Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Mount Yale Investment Advisors LLC boosted its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 143.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,507 shares of the company’s stock after purchasing an additional 12,094 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Global-E Online were worth $1,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of Global-E Online by 696.1% during the 4th quarter. Blue Trust Inc. now owns 2,030 shares of the company’s stock valued at $111,000 after purchasing an additional 1,775 shares during the period. Juncture Wealth Strategies LLC grew its position in Global-E Online by 3.9% during the fourth quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company’s stock valued at $718,000 after buying an additional 494 shares during the period. Geneos Wealth Management Inc. increased its holdings in Global-E Online by 1,968.4% during the fourth 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 last quarter. Fifth Third Bancorp raised its position in Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 197 shares during the period. Finally, Mutual Advisors LLC purchased a new position in shares of Global-E Online during the 4th quarter worth $371,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on GLBE shares. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective for the company. in a research note on Friday, October 18th. Jefferies Financial Group raised their price objective on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. The Goldman Sachs Group increased their target price on shares of Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. KeyCorp lifted their price target on shares of Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Finally, Piper Sandler upped their price target on shares of Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.25.

Global-E Online Trading Up 2.2 %

Shares of GLBE stock opened at $58.03 on Tuesday. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of -100.05, a price-to-earnings-growth ratio of 5.85 and a beta of 1.22. Global-E Online Ltd. has a 12-month low of $28.11 and a 12-month high of $58.90. The stock’s 50-day moving average price is $53.96 and its 200-day moving average price is $42.57.

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.