Erste Asset Management GmbH Purchases Shares of 250,000 Grab Holdings Limited (NASDAQ:GRAB)

Erste Asset Management GmbH acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 250,000 shares of the company's stock, valued at approximately $962,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Grab by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,505,636 shares of the company's stock valued at $23,568,000 after buying an additional 166,063 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Grab by 20.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,983 shares of the company's stock valued at $1,147,000 after buying an additional 61,183 shares during the last quarter. DNB Asset Management AS lifted its position in shares of Grab by 87.6% during the second quarter. DNB Asset Management AS now owns 515,020 shares of the company's stock worth $1,828,000 after purchasing an additional 240,482 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Grab by 30.1% during the second quarter. SG Americas Securities LLC now owns 3,796,898 shares of the company's stock worth $13,479,000 after purchasing an additional 878,375 shares during the last quarter. Finally, Prospect Financial Services LLC bought a new position in Grab in the second quarter worth about $53,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Up 0.4 %

Shares of GRAB traded up $0.02 on Wednesday, reaching $5.31. 44,355,375 shares of the company's stock were exchanged, compared to its average volume of 26,012,191. Grab Holdings Limited has a 12 month low of $2.90 and a 12 month high of $5.72. 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 $21.38 billion, a P/E ratio of -264.50 and a beta of 0.90. The business has a 50 day moving average price of $4.31 and a two-hundred day moving average price of $3.76.

Grab (NASDAQ:GRAB - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The firm had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. Research analysts anticipate that Grab Holdings Limited will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

GRAB has been the topic of several analyst reports. Mizuho raised their price target on shares of Grab from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised their price target on shares of Grab from $5.00 to $5.70 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. China Renaissance lowered shares of Grab from a "buy" rating to a "hold" rating and set a $5.40 price target on the stock. in a research note on Thursday, November 21st. Barclays raised their price target on shares of Grab from $4.70 to $5.50 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, Daiwa Capital Markets started coverage on shares of Grab in a research note on Wednesday, October 23rd. They set an "outperform" rating and a $4.60 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5.42.

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.