Itau Unibanco Holding S.A. bought a new position 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 fund bought 124,189 shares of the information technology services provider's stock, valued at approximately $26,629,000. Globant makes up approximately 0.8% of Itau Unibanco Holding S.A.'s investment portfolio, making the stock its 24th largest position. Itau Unibanco Holding S.A. owned about 0.29% of Globant as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also modified their holdings of GLOB. Centricity Wealth Management LLC purchased a new stake in Globant in the 4th quarter valued at $38,000. Kestra Investment Management LLC acquired a new position in Globant in the fourth quarter valued at approximately $38,000. Wilmington Savings Fund Society FSB purchased a new position in Globant in the third quarter worth approximately $40,000. Van Berkom & Associates Inc. acquired a new stake in Globant during the fourth quarter worth $45,000. Finally, Promus Capital LLC purchased a new stake in Globant in the fourth quarter valued at $64,000. Hedge funds and other institutional investors own 91.60% of the company's stock.
Globant Price Performance
Shares of NYSE:GLOB traded up $0.15 during trading on Tuesday, hitting $117.97. 202,495 shares of the company were exchanged, compared to its average volume of 607,126. The firm's 50 day moving average price is $121.38 and its 200-day moving average price is $182.61. Globant S.A. has a 12-month low of $96.23 and a 12-month high of $238.32. The stock has a market capitalization of $5.19 billion, a P/E ratio of 31.70, a PEG ratio of 2.38 and a beta of 1.37.
Globant (NYSE:GLOB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.39). The company had revenue of $642.48 million during the quarter, compared to analyst estimates of $644.42 million. Globant had a net margin of 6.86% and a return on equity of 11.83%. As a group, equities research analysts anticipate that Globant S.A. will post 5.73 EPS for the current year.
Analyst Ratings Changes
Several research analysts have weighed in on GLOB shares. Susquehanna lowered their target price on shares of Globant from $225.00 to $160.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Canaccord Genuity Group dropped their target price on shares of Globant from $205.00 to $165.00 and set a "hold" rating for the company in a report on Monday, February 24th. StockNews.com raised Globant from a "sell" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price objective on Globant from $248.00 to $242.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Finally, Scotiabank decreased their target price on Globant from $170.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $204.00.
Read Our Latest Stock Report on GLOB
Globant Company Profile
(
Free Report)
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.
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