DnB Asset Management AS Has $9.24 Million Stake in Grab Holdings Limited (NASDAQ:GRAB)

DnB Asset Management AS raised its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 331.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,956,784 shares of the company's stock after acquiring an additional 1,503,050 shares during the period. DnB Asset Management AS's holdings in Grab were worth $9,236,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Twin Tree Management LP acquired a new stake in Grab in the fourth quarter worth $25,000. Campbell Capital Management Inc. acquired a new stake in shares of Grab in the 4th quarter worth about $30,000. Global Retirement Partners LLC bought a new stake in Grab in the 4th quarter valued at about $30,000. TD Private Client Wealth LLC boosted its stake 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 purchasing an additional 7,890 shares during the period. Finally, New York Life Investment Management LLC bought a new position in Grab in the 4th quarter worth about $48,000. 55.52% of the stock is owned by institutional investors.

Grab Stock Down 8.2 %

Shares of NASDAQ GRAB traded down $0.38 during mid-day trading on Thursday, reaching $4.23. The company had a trading volume of 11,686,490 shares, compared to its average volume of 28,857,360. 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 Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The stock's 50 day moving average is $4.68 and its 200-day moving average is $4.54. The stock has a market capitalization of $17.03 billion, a PE ratio of -211.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

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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 company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. As a group, equities analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. upgraded Grab from a "neutral" rating to an "overweight" rating and set a $5.60 target price on the stock in a research report on Friday, February 21st. Benchmark reissued a "buy" rating and set a $6.00 price target on shares of Grab in a report on Thursday, February 20th. Bank of America raised shares of Grab from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Barclays upped their price target on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Grab has an average rating of "Moderate Buy" and an average target price of $5.62.

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.