Bridgewater Associates LP Makes New Investment in Grab Holdings Limited (NASDAQ:GRAB)

Bridgewater Associates LP bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,545,359 shares of the company's stock, valued at approximately $7,294,000.

A number of other large investors have also recently bought and sold shares of the company. Hanwha Asset Management Co. Ltd. acquired a new stake in Grab during the fourth quarter worth about $227,718,000. Baillie Gifford & Co. grew its stake in 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 acquired a new position in Grab during the fourth quarter worth $213,177,000. Arrowstreet Capital Limited Partnership raised its position in shares of Grab by 5,066.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after purchasing an additional 33,257,610 shares during the last quarter. Finally, Norges Bank acquired a new stake in Grab in the 4th quarter worth about $145,927,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Stock Performance

NASDAQ GRAB traded up $0.23 during trading on Tuesday, reaching $4.30. The company's stock had a trading volume of 4,321,012 shares, compared to its average volume of 29,945,396. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of -214.25, a P/E/G ratio of 2.26 and a beta of 0.88. The business's fifty day moving average price is $4.47 and its 200-day moving average price is $4.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GRAB. HSBC raised 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 research note on Tuesday, February 4th. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Citigroup reaffirmed a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. CLSA upgraded Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two investment 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.