Global-e Online Ltd. $GLBE Stock Holdings Lessened by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase cut its stake in Global‑e by 28.9% in Q3, selling 1,045,314 shares and trimming its holding to 2,571,970 shares (about 1.52% of the company), valued at roughly $91.97 million.
• Other institutions shifted positions too — Royal Bank of Canada raised its stake 87.4% to 75,286 shares, Connor Clark & Lunn initiated a new ~$610,000 position, and institutional ownership totals about 94.6%.
• Analyst views are mixed but the consensus remains a Moderate Buy with an average price target of $47.80, following upgrades like Zacks' to Strong Buy and target cuts from firms such as Truist and KeyCorp.

JPMorgan Chase & Co. lessened its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 28.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,571,970 shares of the company's stock after selling 1,045,314 shares during the period. JPMorgan Chase & Co. owned about 1.52% of Global-e Online worth $91,974,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GLBE. Royal Bank of Canada raised its position in shares of Global-e Online by 87.4% during the first quarter. Royal Bank of Canada now owns 75,286 shares of the company's stock worth $2,684,000 after purchasing an additional 35,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Global-e Online by 17.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company's stock worth $1,948,000 after purchasing an additional 8,239 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after buying an additional 528 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Global-e Online during the second quarter valued at about $610,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Global-e Online by 32.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 23,904 shares of the company's stock worth $802,000 after buying an additional 5,882 shares during the period. 94.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Global-e Online from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 19th. Weiss Ratings restated a "sell (d-)" rating on shares of Global-e Online in a report on Monday, December 29th. Truist Financial decreased their target price on Global-e Online from $43.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 26th. Piper Sandler reiterated an "overweight" rating on shares of Global-e Online in a report on Thursday, February 19th. Finally, KeyCorp reduced their price objective on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Global-e Online presently has a consensus rating of "Moderate Buy" and an average price target of $47.80.

Global-e Online Stock Down 2.0%

GLBE stock opened at $33.89 on Wednesday. The company has a 50 day moving average of $35.69 and a two-hundred day moving average of $36.51. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 91.59 and a beta of 1.24. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $43.21.

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.

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