1,471,800 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by APG Asset Management N.V.

APG Asset Management N.V. acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,471,800 shares of the company's stock, valued at approximately $6,709,000.

Several other hedge funds also recently added to or reduced their stakes in GRAB. Charles Schwab Investment Management Inc. grew its position in Grab by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,429,899 shares of the company's stock worth $5,434,000 after purchasing an additional 48,596 shares during the last quarter. HighTower Advisors LLC lifted its position in Grab by 87.9% during the 3rd quarter. HighTower Advisors LLC now owns 31,546 shares of the company's stock worth $119,000 after acquiring an additional 14,759 shares during the period. State Street Corp grew its stake in shares of Grab by 2.3% in the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company's stock valued at $165,567,000 after purchasing an additional 967,233 shares during the last quarter. XTX Topco Ltd increased its stake in Grab by 265.5% in the 3rd quarter. XTX Topco Ltd now owns 112,274 shares of the company's stock valued at $427,000 after buying an additional 81,558 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Grab by 1.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 583,500 shares of the company's stock worth $2,217,000 after acquiring an additional 9,600 shares during the period. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Up 2.0 %

Shares of Grab stock traded up $0.08 during trading hours on Tuesday, hitting $4.06. 17,962,028 shares of the company's stock traded hands, compared to its average volume of 30,078,261. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The stock has a 50 day simple moving average of $4.54 and a 200-day simple moving average of $4.56. 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 company has a market cap of $16.35 billion, a PE ratio of -203.00, a PEG ratio of 2.26 and a beta of 0.88.

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

Analysts Set New Price Targets

Several research firms have issued reports on GRAB. Barclays increased their price objective on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and lowered their price target for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded Grab from a "neutral" rating to an "overweight" rating and set a $5.60 target price for the company in a research note on Friday, February 21st. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Benchmark reissued a "buy" rating and set a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.