Sellaronda Global Management LP Acquires Shares of 1,300,000 Grab Holdings Limited (NASDAQ:GRAB)

Sellaronda Global Management LP bought a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,300,000 shares of the company's stock, valued at approximately $6,136,000. Grab accounts for 6.2% of Sellaronda Global Management LP's investment portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of Grab by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,429,899 shares of the company's stock valued at $5,434,000 after purchasing an additional 48,596 shares during the last quarter. Centiva Capital LP grew its stake in shares of Grab by 748.9% during the third quarter. Centiva Capital LP now owns 103,059 shares of the company's stock worth $392,000 after purchasing an additional 90,918 shares in the last quarter. HighTower Advisors LLC increased its holdings in Grab by 87.9% in the third quarter. HighTower Advisors LLC now owns 31,546 shares of the company's stock valued at $119,000 after buying an additional 14,759 shares during the last quarter. Investment Management Corp of Ontario raised its stake in Grab by 47.2% in the third quarter. Investment Management Corp of Ontario now owns 68,918 shares of the company's stock valued at $262,000 after buying an additional 22,100 shares in the last quarter. Finally, State Street Corp lifted its holdings in Grab by 2.3% during the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company's stock worth $165,567,000 after buying an additional 967,233 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms have recently commented on GRAB. Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $4.90 to $5.10 in a report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target on the stock in a research note on Friday, February 21st. Citigroup restated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday. Finally, Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Grab presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.62.

Grab Stock Performance

Shares of GRAB traded up $0.08 during mid-day trading on Friday, hitting $4.05. 47,043,640 shares of the company's stock were exchanged, compared to its average volume of 30,070,759. The firm has a market capitalization of $16.31 billion, a P/E ratio of -202.50, a P/E/G ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The business's 50 day moving average is $4.56 and its two-hundred day moving average is $4.56. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. On average, equities analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.