Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by abrdn plc

abrdn plc raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 928,553 shares of the company's stock after purchasing an additional 73,193 shares during the quarter. abrdn plc's holdings in Grab were worth $4,383,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GRAB. SeaBridge Investment Advisors LLC acquired a new position in shares of Grab in the fourth quarter valued at approximately $48,000. Heck Capital Advisors LLC acquired a new position in shares of Grab in the fourth quarter valued at approximately $321,000. Milestone Asset Management LLC acquired a new position in Grab during the fourth quarter worth approximately $366,000. Baader Bank Aktiengesellschaft increased its position in Grab by 764.5% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company's stock worth $1,487,000 after purchasing an additional 278,563 shares during the last quarter. Finally, Prospect Financial Services LLC increased its position in Grab by 214.7% during the fourth quarter. Prospect Financial Services LLC now owns 47,200 shares of the company's stock worth $223,000 after purchasing an additional 32,200 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Stock Down 0.8 %

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

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Daiwa Capital Markets assumed coverage on shares of Grab in a research report on Wednesday, October 23rd. They set an "outperform" rating and a $4.60 price target for the company. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and dropped their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. China Renaissance lowered shares of Grab from a "buy" rating to a "hold" rating and set a $5.40 price target for the company. in a research report on Thursday, November 21st. JPMorgan Chase & Co. lowered shares of Grab from an "overweight" rating to a "neutral" rating in a research report on Wednesday, February 5th. Finally, Evercore ISI boosted their price objective on shares of Grab from $7.00 to $8.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5.54.

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.