Sabby Management LLC purchased a new position in shares of Globavend Holdings Limited (NASDAQ:GVH – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 178,645 shares of the company’s stock, valued at approximately $257,000. Globavend makes up approximately 0.4% of Sabby Management LLC’s portfolio, making the stock its 14th biggest position. Sabby Management LLC owned about 255.21% of Globavend as of its most recent filing with the SEC.
Separately, Jane Street Group LLC bought a new position in shares of Globavend in the 2nd quarter valued at approximately $29,000.
Globavend Stock Performance
GVH stock opened at $4.03 on Wednesday. Globavend Holdings Limited has a 52-week low of $0.87 and a 52-week high of $308.00. The company has a 50-day moving average of $3.93 and a two-hundred day moving average of $2.57.
Analyst Upgrades and Downgrades
GVH has been the subject of a number of recent analyst reports. Weiss Ratings raised Globavend from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Wall Street Zen raised shares of Globavend to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $80.00.
View Our Latest Stock Analysis on Globavend
Globavend Company Profile
Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery. It serves e-commerce merchants and operators of e-commerce platforms. The company was founded in 2016 and is based in Perth, Australia. Globavend Holdings Limited is subsidiary of Globavend Investments Limited.
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