Arrowstreet Capital Limited Partnership Has $160.08 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Arrowstreet Capital Limited Partnership raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 5,066.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,914,101 shares of the company's stock after acquiring an additional 33,257,610 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.84% of Grab worth $160,075,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GRAB. FNY Investment Advisers LLC raised its stake in shares of Grab by 13.9% in the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock valued at $135,000 after acquiring an additional 3,500 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Grab by 40.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock valued at $69,000 after purchasing an additional 4,250 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Grab by 1.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock worth $1,658,000 after buying an additional 4,412 shares during the last quarter. Vestcor Inc boosted its holdings in shares of Grab by 16.6% during the 4th quarter. Vestcor Inc now owns 33,602 shares of the company's stock worth $159,000 after buying an additional 4,776 shares during the period. Finally, Traynor Capital Management Inc. raised its holdings in Grab by 47.7% in the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company's stock worth $75,000 after acquiring an additional 5,100 shares during the period. 55.52% of the stock is owned by institutional investors.

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Grab Price Performance

NASDAQ:GRAB traded down $0.53 during mid-day trading on Friday, hitting $3.73. The company's stock had a trading volume of 87,059,443 shares, compared to its average volume of 29,242,708. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $4.66 and a 200-day moving average of $4.54. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of -186.50, a P/E/G ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GRAB. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and raised their price target for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Citigroup reiterated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Barclays raised their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of 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. Finally, HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and decreased their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus 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.