178,645 Shares in Globavend Holdings Limited $GVH Bought by Sabby Management LLC

Sabby Management LLC bought a new stake in shares of Globavend Holdings Limited (NASDAQ:GVH) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 178,645 shares of the company’s stock, valued at approximately $257,000. Globavend comprises approximately 0.4% of Sabby Management LLC’s investment portfolio, making the stock its 14th biggest holding. Sabby Management LLC owned 2.55% of Globavend at the end of the most recent quarter.

Separately, Jane Street Group LLC acquired a new stake in Globavend in the 2nd quarter worth $29,000.

Analyst Ratings Changes

GVH has been the topic of several research reports. Wall Street Zen upgraded shares of Globavend to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Globavend from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Globavend currently has an average rating of “Hold” and an average price target of $80.00.

Globavend Price Performance

Shares of NASDAQ:GVH opened at $4.03 on Wednesday. Globavend Holdings Limited has a 1-year low of $0.87 and a 1-year high of $308.00. The business’s 50 day moving average is $3.93 and its 200-day moving average is $2.57.

Globavend (NASDAQ:GVH) last issued its earnings results on Friday, February 13th. The company reported ($2.20) EPS for the quarter. The company had revenue of $4.92 million during the quarter.

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.