Barclays PLC Trims Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Barclays PLC cut its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 41.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,034,003 shares of the company's stock after selling 8,411,424 shares during the quarter. Barclays PLC owned about 0.30% of Grab worth $56,802,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC increased its holdings in Grab by 13.9% in the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock worth $135,000 after buying an additional 3,500 shares during the period. Wedbush Securities Inc. boosted its holdings in Grab by 19.1% in the fourth quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock valued at $103,000 after purchasing an additional 3,500 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Grab by 40.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock worth $69,000 after purchasing an additional 4,250 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Grab by 1.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock valued at $1,658,000 after buying an additional 4,412 shares during the last quarter. Finally, Vestcor Inc lifted its holdings in shares of Grab by 16.6% in the 4th quarter. Vestcor Inc now owns 33,602 shares of the company's stock valued at $159,000 after buying an additional 4,776 shares during the period. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Trading Up 3.6 %

NASDAQ GRAB traded up $0.15 on Tuesday, reaching $4.22. 3,056,344 shares of the company were exchanged, compared to its average volume of 29,935,357. 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 business's fifty day moving average price is $4.47 and its 200 day moving average price is $4.57. The stock has a market capitalization of $16.97 billion, a P/E ratio of -209.75, a price-to-earnings-growth 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 data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on GRAB. HSBC raised Grab from a "hold" rating to a "buy" rating and dropped their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Barclays lifted their price target on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Benchmark reiterated a "buy" rating and issued a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5.60.

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.