Capital Research Global Investors Cuts Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Capital Research Global Investors cut its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 33.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,075,205 shares of the company's stock after selling 10,863,930 shares during the quarter. Capital Research Global Investors owned approximately 0.55% of Grab worth $104,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of GRAB. Twin Tree Management LP purchased a new position in shares of Grab in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new stake in shares of Grab in the 4th quarter worth about $30,000. Campbell Capital Management Inc. bought a new position in shares of Grab in the 4th quarter worth about $30,000. TD Private Client Wealth LLC lifted its position in Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after acquiring an additional 7,890 shares during the period. Finally, Allianz SE bought a new stake in Grab during the fourth quarter worth about $44,000. 55.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. CLSA upgraded shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Barclays increased their price target on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, Benchmark reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Grab 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5.60.

Grab Stock Performance

GRAB traded up $0.14 during midday trading on Wednesday, reaching $4.38. The company had a trading volume of 42,323,374 shares, compared to its average volume of 29,891,904. The business has a 50-day moving average of $4.45 and a two-hundred day moving average of $4.57. 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 1 year low of $2.98 and a 1 year high of $5.72. The company has a market cap of $17.64 billion, a P/E ratio of -219.00, a P/E/G ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The business 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%. As a group, equities research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

About Grab

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.