Barclays PLC Boosts Stake in Globant S.A. (NYSE:GLOB)

Barclays PLC increased its stake in Globant S.A. (NYSE:GLOB - Free Report) by 132.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,537 shares of the information technology services provider's stock after acquiring an additional 12,862 shares during the period. Barclays PLC owned approximately 0.05% of Globant worth $4,467,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GLOB. Victory Capital Management Inc. boosted its holdings in shares of Globant by 1,817.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,509,853 shares of the information technology services provider's stock worth $299,162,000 after purchasing an additional 1,431,112 shares during the period. Dimensional Fund Advisors LP boosted its stake in Globant by 57.5% during the second quarter. Dimensional Fund Advisors LP now owns 442,312 shares of the information technology services provider's stock worth $78,851,000 after buying an additional 161,512 shares during the period. Sei Investments Co. increased its position in Globant by 43.4% during the second quarter. Sei Investments Co. now owns 512,916 shares of the information technology services provider's stock valued at $91,432,000 after acquiring an additional 155,112 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Globant by 89.9% in the second quarter. The Manufacturers Life Insurance Company now owns 266,184 shares of the information technology services provider's stock valued at $47,450,000 after acquiring an additional 126,030 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Globant by 84.8% in the 2nd quarter. Millennium Management LLC now owns 261,270 shares of the information technology services provider's stock worth $46,574,000 after acquiring an additional 119,860 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GLOB. StockNews.com upgraded shares of Globant from a "sell" rating to a "hold" rating in a report on Sunday, November 24th. Susquehanna began coverage on Globant in a research note on Tuesday, December 17th. They set a "positive" rating and a $255.00 target price on the stock. Piper Sandler decreased their price target on Globant from $240.00 to $237.00 and set an "overweight" rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their price objective on Globant from $237.00 to $248.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC lifted their target price on Globant from $245.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $230.44.

Globant Trading Down 0.8 %

Shares of GLOB stock traded down $1.79 during trading hours on Friday, hitting $221.49. The company's stock had a trading volume of 399,793 shares, compared to its average volume of 482,173. The company has a 50 day moving average of $221.29 and a 200 day moving average of $200.15. The stock has a market cap of $9.54 billion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 2.72 and a beta of 1.37. Globant S.A. has a 12-month low of $151.68 and a 12-month high of $251.50.

Globant Profile

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.