Contrarius Group Holdings Ltd Acquires Shares of 1,819,153 Grab Holdings Limited (NASDAQ:GRAB)

Contrarius Group Holdings Ltd acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,819,153 shares of the company's stock, valued at approximately $8,586,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Twin Tree Management LP acquired a new stake in shares of Grab during the 4th quarter worth about $25,000. Global Retirement Partners LLC purchased a new position in shares of Grab in the fourth quarter valued at approximately $30,000. Campbell Capital Management Inc. acquired a new position in shares of Grab in the fourth quarter valued at approximately $30,000. SeaBridge Investment Advisors LLC acquired a new position in shares of Grab in the fourth quarter worth $48,000. Finally, New York Life Investment Management LLC purchased a new stake in Grab during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Performance

GRAB traded down $0.02 during trading on Monday, hitting $4.62. 34,906,510 shares of the stock were exchanged, compared to its average volume of 28,169,363. The stock has a fifty day moving average price of $4.67 and a two-hundred day moving average price of $4.49. The firm has a market capitalization of $18.60 billion, a P/E ratio of -231.00, a PEG ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

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Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. As a group, sell-side analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GRAB. Benchmark reaffirmed a "buy" rating and issued a $6.00 target price on shares of Grab in a report on Thursday, February 20th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Barclays increased their price objective on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, Citigroup restated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.62.

Grab Profile

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.