Artisan Partners Limited Partnership Has $164.40 Million Stake in Grab Holdings Limited (NASDAQ:GRAB)

Artisan Partners Limited Partnership lessened its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 10.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,831,319 shares of the company's stock after selling 3,938,469 shares during the period. Artisan Partners Limited Partnership owned 0.86% of Grab worth $164,404,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in shares of Grab by 13.4% during the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock worth $472,394,000 after purchasing an additional 14,671,388 shares during the period. Hanwha Asset Management Co. Ltd. bought a new stake in shares of Grab in the 4th quarter valued at about $227,718,000. Baillie Gifford & Co. raised its position in shares of Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after acquiring an additional 4,259,537 shares during the period. Perpetual Ltd bought a new position in Grab during the 4th quarter worth approximately $213,177,000. Finally, State Street Corp grew its holdings in Grab by 2.3% during the third 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 period. Institutional investors own 55.52% of the company's stock.

Grab Stock Performance

Shares of GRAB stock traded down $0.05 on Monday, reaching $4.53. The stock had a trading volume of 9,471,046 shares, compared to its average volume of 28,856,911. The company has a quick ratio of 2.67, a current ratio of 2.70 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 firm's 50-day moving average is $4.68 and its two-hundred day moving average is $4.53. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of -226.25, a P/E/G ratio of 2.26 and a beta of 0.88.

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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 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 for the quarter, compared to analyst estimates of $762.57 million. On average, research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GRAB has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target for the company in a report on Friday, February 21st. HSBC raised 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. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Finally, Barclays upped their price target on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Two 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $5.62.

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.