GPI Capital L.P. Sells 1,000,000 Shares of Grab Holdings Limited (NASDAQ:GRAB)

GPI Capital L.P. lowered its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,176,051 shares of the company's stock after selling 1,000,000 shares during the quarter. Grab accounts for 16.7% of GPI Capital L.P.'s investment portfolio, making the stock its 4th largest holding. GPI Capital L.P. owned 0.23% of Grab worth $43,311,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Twin Tree Management LP acquired a new stake in shares of Grab in the fourth quarter valued at about $25,000. Global Retirement Partners LLC acquired a new stake in shares of Grab during the 4th quarter valued at approximately $30,000. Campbell Capital Management Inc. purchased a new stake in shares of Grab during the 4th quarter worth approximately $30,000. TD Private Client Wealth LLC boosted its stake in shares of Grab by 7,238.5% during the 4th 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 in the last quarter. Finally, Allianz SE purchased a new position in Grab in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Analyst Upgrades and Downgrades

GRAB has been the subject of a number of research reports. CLSA raised shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Bank of America raised shares of Grab from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Citigroup restated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Finally, Barclays boosted 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. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5.60.

Grab Trading Up 1.9 %

Grab stock traded up $0.08 during midday trading on Friday, reaching $4.12. The stock had a trading volume of 17,709,767 shares, compared to its average volume of 30,103,419. The stock's 50-day simple moving average is $4.49 and its 200 day simple moving average is $4.57. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month 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. The stock has a market capitalization of $16.57 billion, a PE ratio of -205.75, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab 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.