PNC Financial Services Group Inc. Has $630,000 Position in Globant S.A. (NYSE:GLOB)

Posted by on Jun 3rd, 2023

PNC Financial Services Group Inc. reduced its position in shares of Globant S.A. (NYSE:GLOB – Get Rating) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,748 shares of the information technology services provider’s stock after selling 633 shares during the period. PNC Financial Services Group Inc.’s holdings in Globant were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Veriti Management LLC raised its holdings in Globant by 3.8% in the 4th quarter. Veriti Management LLC now owns 1,712 shares of the information technology services provider’s stock valued at $288,000 after acquiring an additional 62 shares in the last quarter. Private Advisor Group LLC raised its holdings in Globant by 5.2% in the 1st quarter. Private Advisor Group LLC now owns 1,283 shares of the information technology services provider’s stock valued at $336,000 after acquiring an additional 63 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in Globant by 10.5% in the 1st quarter. Orion Portfolio Solutions LLC now owns 769 shares of the information technology services provider’s stock valued at $202,000 after acquiring an additional 73 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Globant by 22.2% in the 1st quarter. Loomis Sayles & Co. L P now owns 468 shares of the information technology services provider’s stock valued at $123,000 after acquiring an additional 85 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Globant by 37.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 354 shares of the information technology services provider’s stock valued at $60,000 after acquiring an additional 97 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GLOB shares. Piper Sandler lifted their price objective on Globant from $204.00 to $207.00 in a report on Friday, May 19th. Cowen decreased their price target on Globant from $207.00 to $192.00 in a research note on Friday, February 17th. Needham & Company LLC started coverage on Globant in a research note on Wednesday, April 12th. They issued a “buy” rating and a $205.00 price target on the stock. KeyCorp decreased their price target on Globant from $211.00 to $201.00 in a research note on Friday, May 19th. Finally, JPMorgan Chase & Co. decreased their price target on Globant from $224.00 to $221.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.44.

Globant Stock Up 1.0 %

Shares of GLOB stock opened at $188.62 on Friday. The firm has a market capitalization of $8.01 billion, a P/E ratio of 54.51 and a beta of 1.40. Globant S.A. has a twelve month low of $135.40 and a twelve month high of $240.00. The stock’s fifty day simple moving average is $157.71 and its 200 day simple moving average is $164.53.

Globant Profile

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Globant SA engages in the provision of information technology services. It includes application development, testing, infrastructure management, and application maintenance. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne, and Néstor Augusto Nocetti in 2003 and is headquartered in Luxembourg.

See Also

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Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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