Edmond DE Rothschild Holding S.A. bought a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,228,500 shares of the company's stock, valued at approximately $19,959,000. Edmond DE Rothschild Holding S.A. owned approximately 0.11% of Grab as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently bought and sold shares of the company. Twin Tree Management LP purchased a new position in shares of Grab in the fourth quarter valued at $25,000. Global Retirement Partners LLC purchased a new stake in shares of Grab in the 4th quarter worth $30,000. Campbell Capital Management Inc. bought a new position in shares of Grab during the 4th quarter worth $30,000. TD Private Client Wealth LLC lifted its stake in Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after acquiring an additional 7,890 shares during the period. Finally, Allianz SE bought a new position in shares of Grab during the fourth quarter valued at approximately $44,000. Institutional investors own 55.52% of the company's stock.
Analyst Ratings Changes
GRAB has been the subject of a number of recent analyst reports. Citigroup reiterated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Barclays upped their target price on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. 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 upgraded Grab from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target on the stock in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5.62.
Check Out Our Latest Stock Report on GRAB
Grab Price Performance
Shares of NASDAQ GRAB traded down $0.48 during trading on Friday, reaching $3.79. The company had a trading volume of 49,802,770 shares, compared to its average volume of 29,061,534. 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 stock has a market capitalization of $15.24 billion, a PE ratio of -189.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The stock has a 50-day moving average price of $4.68 and a two-hundred day moving average price of $4.54.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $764.00 million for 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, sell-side analysts predict that Grab Holdings Limited will post 0.05 earnings per share 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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