Federated Hermes Inc. Has $55.76 Million Stake in Grab Holdings Limited (NASDAQ:GRAB)

Federated Hermes Inc. decreased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,812,871 shares of the company's stock after selling 2,515,352 shares during the quarter. Federated Hermes Inc. owned approximately 0.29% of Grab worth $55,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC raised its holdings in shares of Grab by 13.9% in the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock valued at $135,000 after buying an additional 3,500 shares during the last quarter. Wedbush Securities Inc. increased its position in Grab by 19.1% in the 4th quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock valued at $103,000 after acquiring an additional 3,500 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Grab by 40.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock worth $69,000 after acquiring an additional 4,250 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Grab by 1.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock worth $1,658,000 after purchasing an additional 4,412 shares in the last quarter. Finally, Vestcor Inc grew its stake in shares of Grab by 16.6% during the fourth quarter. Vestcor Inc now owns 33,602 shares of the company's stock valued at $159,000 after purchasing an additional 4,776 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

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Grab Trading Up 2.0 %

NASDAQ:GRAB traded up $0.08 during trading hours on Friday, hitting $4.05. The stock had a trading volume of 47,043,640 shares, compared to its average volume of 30,102,001. The business's 50 day moving average is $4.56 and its 200-day moving average is $4.56. The company has a market cap of $16.31 billion, a price-to-earnings ratio of -202.50, a P/E/G ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Sell-side analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GRAB shares. Benchmark restated a "buy" rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and dropped their target price for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Barclays raised their price target on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. Citigroup reissued a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 target price on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Grab currently has a consensus rating of "Moderate Buy" and an average target price of $5.62.

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.