Cathie Wood is Loading Up on These 5 Stocks

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

Number of Hedge Fund Holders: 17    

Percentage Increase in Stake During Q2 2022: 45% 

Global-e Online Ltd. (NASDAQ:GLBE) operates in the cross-border ecommerce industry. The hedge fund of Cathie Wood owned 812,173 shares of Global-e Online Ltd. (NASDAQ:GLBE) at the end of the second quarter of 2022 worth more than $15.6 million, representing 0.09% of the total 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.