5,949,000 Shares in Grab Holdings Limited (NASDAQ:GRAB) Purchased by Slate Path Capital LP

Slate Path Capital LP acquired a new stake 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 SEC. The institutional investor acquired 5,949,000 shares of the company's stock, valued at approximately $28,079,000. Slate Path Capital LP owned about 0.15% of Grab as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Baillie Gifford & Co. lifted its stake in Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock worth $221,942,000 after purchasing an additional 4,259,537 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Grab by 4,311.8% in the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company's stock valued at $1,691,000 after buying an additional 435,014 shares in the last quarter. Leibman Financial Services Inc. purchased a new position in Grab during the 4th quarter worth $937,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company's stock valued at $22,220,000 after buying an additional 134,243 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft increased its holdings in Grab by 764.5% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company's stock worth $1,487,000 after buying an additional 278,563 shares during the period. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GRAB shares. Barclays boosted 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. CLSA raised shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Citigroup reaffirmed a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Grab has a consensus rating of "Moderate Buy" and a consensus price target of $5.60.

Grab Stock Down 1.0 %

GRAB opened at $4.07 on Tuesday. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week 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. The business has a 50 day moving average price of $4.47 and a two-hundred day moving average price of $4.57. The company has a market cap of $16.39 billion, a PE ratio of -203.50, a P/E/G ratio of 2.26 and a beta of 0.88.

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

Grab Company 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.

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