Amundi Buys 184,208 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Amundi boosted its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 12.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,655,852 shares of the company's stock after acquiring an additional 184,208 shares during the quarter. Amundi's holdings in Grab were worth $7,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GRAB. Metis Global Partners LLC boosted its position in shares of Grab by 10.9% during the third quarter. Metis Global Partners LLC now owns 53,262 shares of the company's stock worth $202,000 after buying an additional 5,221 shares during the period. CIBC Asset Management Inc grew its stake in shares of Grab by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 203,901 shares of the company's stock worth $775,000 after acquiring an additional 9,466 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Grab by 7.7% in the third quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock valued at $166,000 after purchasing an additional 3,147 shares during the last quarter. Swiss National Bank boosted its holdings in Grab by 0.9% during the third quarter. Swiss National Bank now owns 6,274,800 shares of the company's stock worth $23,844,000 after purchasing an additional 55,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Grab in the third quarter valued at $2,757,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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Grab Stock Performance

Shares of NASDAQ:GRAB traded up $0.10 during trading on Wednesday, reaching $4.70. 23,058,454 shares of the stock were exchanged, compared to its average volume of 28,103,070. The firm has a market cap of $18.94 billion, a PE ratio of -235.20, a PEG ratio of 2.26 and a beta of 0.88. 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 Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The stock has a 50-day moving average price of $4.66 and a 200-day moving average price of $4.45.

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