Global-e Online Ltd. $GLBE Shares Bought by Granahan Investment Management LLC

Granahan Investment Management LLC grew its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 30.8% in the 3rd quarter, Holdings Channel reports. The firm owned 1,221,221 shares of the company’s stock after acquiring an additional 287,877 shares during the quarter. Global-e Online comprises approximately 1.8% of Granahan Investment Management LLC’s holdings, making the stock its 17th biggest position. Granahan Investment Management LLC’s holdings in Global-e Online were worth $43,671,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fred Alger Management LLC boosted its position in Global-e Online by 3,347.5% during the 3rd quarter. Fred Alger Management LLC now owns 427,975 shares of the company’s stock valued at $15,304,000 after purchasing an additional 415,561 shares during the period. Dragoneer Investment Group LLC increased its position in Global-e Online by 18.2% in the third quarter. Dragoneer Investment Group LLC now owns 11,887,078 shares of the company’s stock worth $425,082,000 after buying an additional 1,831,063 shares during the period. Centiva Capital LP acquired a new stake in Global-e Online in the third quarter worth $242,000. Ampersand Capital Group L.P. lifted its stake in Global-e Online by 13.0% in the third quarter. Ampersand Capital Group L.P. now owns 1,240,074 shares of the company’s stock valued at $44,345,000 after buying an additional 142,949 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in Global-e Online in the third quarter valued at $134,000. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GLBE shares. Truist Financial lowered their price target on shares of 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Global-e Online in a research report on Monday, December 29th. Needham & Company LLC boosted their target price on shares of Global-e Online from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Morgan Stanley restated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Finally, Wall Street Zen upgraded shares of Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.80.

Global-e Online Trading Up 0.7%

Global-e Online stock opened at $34.78 on Monday. Global-e Online Ltd. has a 52 week low of $26.64 and a 52 week high of $43.21. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 94.00 and a beta of 1.24. The company’s 50-day moving average price is $35.85 and its two-hundred day moving average price is $36.50.

About Global-e Online

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.