Flossbach Von Storch SE Has $3.75 Million Stock Holdings in Globant S.A. (NYSE:GLOB)

Flossbach Von Storch SE lifted its position in Globant S.A. (NYSE:GLOB) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,500 shares of the information technology services provider’s stock after acquiring an additional 1,000 shares during the period. Flossbach Von Storch SE’s holdings in Globant were worth $3,752,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GLOB. Creative Planning raised its holdings in shares of Globant by 20.5% in the third quarter. Creative Planning now owns 2,062 shares of the information technology services provider’s stock valued at $409,000 after purchasing an additional 351 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Globant by 27.4% in the third quarter. Raymond James & Associates now owns 79,234 shares of the information technology services provider’s stock valued at $15,699,000 after purchasing an additional 17,035 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Globant by 46.0% in the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 92 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Globant in the third quarter valued at approximately $36,510,000. Finally, Parcion Private Wealth LLC acquired a new stake in shares of Globant in the third quarter valued at approximately $214,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on GLOB shares. UBS Group reduced their price objective on shares of Globant from $222.00 to $217.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Citigroup lifted their price objective on shares of Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. lifted their price objective on shares of Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, TD Cowen lifted their price objective on shares of Globant from $230.00 to $240.00 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 issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $230.28.

Globant Trading Down 2.4 %

Shares of NYSE GLOB opened at $217.58 on Thursday. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 56.81, a PEG ratio of 2.54 and a beta of 1.39. Globant S.A. has a 12 month low of $151.68 and a 12 month high of $238.32. The stock has a 50-day moving average price of $215.62 and a two-hundred day moving average price of $210.78.

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.