BIT Capital GmbH lifted its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,664 shares of the company's stock after buying an additional 57,081 shares during the period. BIT Capital GmbH's holdings in Grab were worth $1,825,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Twin Tree Management LP bought a new position in shares of Grab during the fourth quarter valued at about $25,000. Campbell Capital Management Inc. bought a new position in Grab during the 4th quarter valued at approximately $30,000. Global Retirement Partners LLC purchased a new stake in Grab in the 4th quarter worth approximately $30,000. TD Private Client Wealth LLC grew its position in shares of Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after buying an additional 7,890 shares during the last quarter. Finally, New York Life Investment Management LLC purchased a new position in shares of Grab during the fourth quarter valued at approximately $48,000. 55.52% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
GRAB has been the subject of a number of research analyst reports. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Benchmark reaffirmed a "buy" rating and issued a $6.00 target price on shares of Grab in a report on Thursday, February 20th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and cut their price target for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised Grab from a "neutral" rating to an "overweight" rating and set a $5.60 target price for the company in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.62.
Get Our Latest Report on Grab
Grab Trading Down 1.2 %
GRAB traded down $0.06 on Monday, hitting $4.52. The company had a trading volume of 10,557,093 shares, compared to its average volume of 35,154,461. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. 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 business's fifty day simple moving average is $4.68 and its 200 day simple moving average is $4.53. The company has a market cap of $18.18 billion, a PE ratio of -225.45, a PEG ratio of 2.26 and a beta of 0.88.
Grab (NASDAQ:GRAB - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (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 firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.
About Grab
(
Free Report)
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.
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