Huntington National Bank Has $12.34 Million Stock Holdings in Global-e Online Ltd. $GLBE

Huntington National Bank lifted its position in Global-e Online Ltd. (NASDAQ:GLBE) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 345,170 shares of the company’s stock after buying an additional 43,250 shares during the quarter. Huntington National Bank owned about 0.20% of Global-e Online worth $12,343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtus Advisers LLC acquired a new position in shares of Global-e Online during the 2nd quarter worth approximately $47,000. Geneos Wealth Management Inc. boosted its position in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC boosted its position in Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares during the period. Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 1,376 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position 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 purchasing an additional 649 shares during the period. 94.60% of the stock is owned by institutional investors.

Global-e Online Price Performance

Shares of NASDAQ GLBE opened at $34.97 on Friday. The business has a fifty day moving average price of $36.73 and a two-hundred day moving average price of $36.25. The stock has a market capitalization of $5.94 billion, a PE ratio of 94.51 and a beta of 1.24. Global-e Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $43.67.

Analyst Ratings Changes

Several analysts recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Bank of America restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, February 18th. Needham & Company LLC upped their target price on Global-e Online from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Morgan Stanley reiterated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Finally, KeyCorp reduced their price target 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 analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.80.

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.