Billionaire Stanley Druckenmiller is Decreasing Stakes in These 5 Stocks

2. Global-e Online Ltd. (NASDAQ:GLBE)

Number of Hedge Fund Holders: 17    

Percentage Decrease in Stake During Q2 2022: 97% 

Global-e Online Ltd. (NASDAQ:GLBE) operates in the cross-border ecommerce industry. Regulatory filings show that Duquesne Capital owned 20,180 shares in Global-e Online Ltd. (NASDAQ:GLBE) at the end of the second quarter of 2022 worth over $407,000, representing 0.02% of the portfolio. 

On August 17, Morgan Stanley analyst James Faucette maintained an Overweight rating on Global-e Online Ltd. (NASDAQ:GLBE) stock and raised the price target to $51 from $34, backing the firm to continue strong progress into next year. 

At the end of the second quarter of 2022, 17 hedge funds in the database of Insider Monkey held stakes worth $508 million in Global-e Online Ltd. (NASDAQ:GLBE), compared to 26 in the previous quarter worth $950 million.