Huntington National Bank Has $99,000 Stock Holdings in Globant S.A. (NYSE:GLOB)

Huntington National Bank grew its holdings in Globant S.A. (NYSE:GLOB) by 51.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 462 shares of the information technology services provider’s stock after acquiring an additional 157 shares during the period. Huntington National Bank’s holdings in Globant were worth $99,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Globant in the fourth quarter worth $16,737,000. Cullen Frost Bankers Inc. boosted its stake in shares of Globant by 5.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 52,934 shares of the information technology services provider’s stock worth $11,350,000 after acquiring an additional 2,505 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Globant by 8.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,572,080 shares of the information technology services provider’s stock valued at $551,506,000 after acquiring an additional 203,472 shares during the last quarter. NS Partners Ltd bought a new position in shares of Globant in the 4th quarter valued at approximately $18,933,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Globant by 18.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,816 shares of the information technology services provider’s stock worth $10,663,000 after purchasing an additional 8,427 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on GLOB shares. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Globant in a research report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their target price on shares of Globant from $248.00 to $242.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Scotiabank decreased their price target on shares of Globant from $220.00 to $170.00 and set a “sector perform” rating for the company in a report on Monday, February 24th. Canaccord Genuity Group cut their price objective on Globant from $205.00 to $165.00 and set a “hold” rating for the company in a research report on Monday, February 24th. Finally, Redburn Atlantic raised Globant from a “sell” rating to a “neutral” rating and raised their target price for the company from $140.00 to $150.00 in a report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Globant has an average rating of “Moderate Buy” and an average price target of $216.56.

Globant Stock Performance

Shares of GLOB stock opened at $100.14 on Monday. The firm has a fifty day moving average of $164.90 and a 200-day moving average of $197.44. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 2.38 and a beta of 1.47. Globant S.A. has a 52-week low of $86.12 and a 52-week high of $238.32.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.39). Globant had a return on equity of 11.83% and a net margin of 6.86%. The business had revenue of $642.48 million for the quarter, compared to the consensus estimate of $644.42 million. On average, sell-side analysts predict that Globant S.A. will post 5.73 earnings per share for the current year.

About Globant

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.