Jacksonville Wealth Management LLC Purchases New Position in Globant S.A. (NYSE:GLOB)

Jacksonville Wealth Management LLC bought a new stake in shares of Globant S.A. (NYSE:GLOB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,559 shares of the information technology services provider's stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GLOB. Equitable Trust Co. raised its stake in Globant by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 4,550 shares of the information technology services provider's stock valued at $902,000 after purchasing an additional 50 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Globant by 3.8% during the third quarter. M&T Bank Corp now owns 1,641 shares of the information technology services provider's stock worth $326,000 after buying an additional 60 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Globant by 0.6% in the third quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider's stock valued at $2,704,000 after buying an additional 71 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Globant by 65.5% in the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider's stock worth $38,000 after buying an additional 76 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Globant by 46.0% during the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider's stock worth $58,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Globant Stock Performance

Shares of NYSE GLOB traded down $4.46 during trading on Friday, reaching $203.68. The stock had a trading volume of 394,603 shares, compared to its average volume of 310,617. The company has a market cap of $8.78 billion, a P/E ratio of 53.18, a PEG ratio of 2.26 and a beta of 1.38. Globant S.A. has a fifty-two week low of $151.68 and a fifty-two week high of $251.50. The business's 50-day moving average price is $218.30 and its 200-day moving average price is $207.97.

Analyst Ratings Changes

GLOB has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Globant from $237.00 to $248.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Canaccord Genuity Group reiterated a "hold" rating and set a $205.00 price objective on shares of Globant in a research report on Monday, November 18th. Scotiabank raised their target price on Globant from $210.00 to $220.00 and gave the stock a "sector perform" rating in a research note on Tuesday, November 19th. Needham & Company LLC reissued a "buy" rating and set a $265.00 price target on shares of Globant in a research report on Friday. Finally, StockNews.com upgraded shares of Globant from a "sell" rating to a "hold" rating in a research report on Sunday, November 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Globant currently has a consensus rating of "Moderate Buy" and a consensus target price of $231.28.

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.