Arohi Asset Management PTE Ltd. Buys 353,973 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Arohi Asset Management PTE Ltd. lifted its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 128.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 629,606 shares of the company’s stock after buying an additional 353,973 shares during the period. Global-E Online makes up about 8.0% of Arohi Asset Management PTE Ltd.’s investment portfolio, making the stock its 3rd largest holding. Arohi Asset Management PTE Ltd. owned about 0.38% of Global-E Online worth $24,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Global-E Online during the third quarter worth approximately $32,000. Toronto Dominion Bank acquired a new stake in shares of Global-E Online during the second quarter worth approximately $40,000. Venturi Wealth Management LLC acquired a new stake in shares of Global-E Online during the 3rd quarter valued at $87,000. DekaBank Deutsche Girozentrale grew its stake in shares of Global-E Online by 18.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock valued at $146,000 after buying an additional 624 shares in the last quarter. Finally, RiverPark Advisors LLC increased its stake in shares of Global-E Online by 146.3% during the 3rd quarter. RiverPark Advisors LLC now owns 6,036 shares of the company’s stock worth $232,000 after purchasing an additional 3,585 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Up 0.8 %

Shares of NASDAQ GLBE opened at $52.28 on Monday. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month high of $52.75. The company’s fifty day moving average is $40.60 and its 200-day moving average is $36.03. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of -90.14 and a beta of 1.10.

Analyst Ratings Changes

A number of analysts have recently weighed in on GLBE shares. Piper Sandler restated an “overweight” rating and issued a $63.00 price objective (up from $44.00) on shares of Global-E Online in a research note on Thursday, November 21st. Wells Fargo & Company upped their target price on shares of Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. KeyCorp lifted their price objective on Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Needham & Company LLC restated a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Monday, November 18th. Finally, Jefferies Financial Group boosted their price objective 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Global-E Online currently has an average rating of “Moderate Buy” and an average price target of $51.33.

About Global-E Online

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.