Aubrey Capital Management Ltd Makes New Investment in Grab Holdings Limited (NASDAQ:GRAB)

Aubrey Capital Management Ltd purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,162,100 shares of the company's stock, valued at approximately $19,643,000. Grab makes up 7.4% of Aubrey Capital Management Ltd's holdings, making the stock its 5th largest holding. Aubrey Capital Management Ltd owned 0.10% of Grab at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GRAB. Dimensional Fund Advisors LP increased its position in Grab by 168.0% during the second quarter. Dimensional Fund Advisors LP now owns 221,135 shares of the company's stock worth $785,000 after buying an additional 138,620 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Grab during the second quarter worth $73,000. Affinity Wealth Management LLC purchased a new stake in shares of Grab in the third quarter valued at $3,798,000. CX Institutional purchased a new stake in shares of Grab in the third quarter valued at $342,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Grab in the third quarter valued at $313,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Analysts Set New Price Targets

GRAB has been the subject of a number of recent analyst reports. Mizuho lifted their price objective on Grab from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. HSBC raised Grab from a "hold" rating to a "buy" rating and lowered their price objective for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Benchmark reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Grab in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.54.

Grab Trading Down 0.8 %

GRAB stock traded down $0.04 during trading on Thursday, reaching $4.96. 48,233,876 shares of the stock traded hands, compared to its average volume of 29,864,572. The business's 50 day moving average price is $4.79 and its 200-day moving average price is $4.21. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm has a market capitalization of $19.97 billion, a PE ratio of -248.00, a P/E/G ratio of 1.95 and a beta of 0.90.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.01 EPS for the quarter. The company had revenue of $716.00 million for the quarter, compared to analysts' expectations of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. As a group, sell-side analysts forecast that Grab Holdings Limited will post -0.02 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.