Assenagon Asset Management S.A. Grows Stake in Grab Holdings Limited (NASDAQ:GRAB)

Assenagon Asset Management S.A. boosted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 109.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,946,914 shares of the company's stock after purchasing an additional 8,868,071 shares during the quarter. Assenagon Asset Management S.A. owned about 0.42% of Grab worth $79,989,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GRAB. Leibman Financial Services Inc. purchased a new stake in shares of Grab during the 4th quarter valued at about $937,000. FNY Investment Advisers LLC increased its stake in Grab by 13.9% during the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock worth $135,000 after acquiring an additional 3,500 shares during the last quarter. Nordea Investment Management AB raised its position in Grab by 15.4% during the fourth quarter. Nordea Investment Management AB now owns 17,181,844 shares of the company's stock valued at $81,356,000 after purchasing an additional 2,297,932 shares during the period. Tidal Investments LLC lifted its stake in shares of Grab by 4,311.8% in the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company's stock valued at $1,691,000 after purchasing an additional 435,014 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Grab by 20.2% in the 3rd quarter. Toronto Dominion Bank now owns 6,172,860 shares of the company's stock worth $23,457,000 after purchasing an additional 1,035,269 shares during the period. Institutional investors own 55.52% of the company's stock.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of analyst reports. China Renaissance downgraded Grab from a "buy" rating to a "hold" rating and set a $5.40 price target for the company. in a research report on Thursday, November 21st. Mizuho lifted their price target on shares of Grab from $5.00 to $6.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Daiwa Capital Markets initiated coverage on shares of Grab in a research report on Wednesday, October 23rd. They issued an "outperform" rating and a $4.60 price objective on the stock. HSBC lowered Grab from a "buy" rating to a "hold" rating and boosted their target price for the company from $4.25 to $5.50 in a research report on Thursday, December 5th. Finally, Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Grab currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.55.

Grab Stock Down 0.2 %

Shares of NASDAQ:GRAB traded down $0.01 during trading hours on Thursday, hitting $4.45. The company's stock had a trading volume of 23,718,758 shares, compared to its average volume of 23,357,822. The company has a market capitalization of $17.92 billion, a price-to-earnings ratio of -222.50, a P/E/G ratio of 1.77 and a beta of 0.90. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm's fifty day moving average price is $4.94 and its 200 day moving average price is $4.04.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same period last year, the business posted ($0.02) EPS. As a group, research analysts expect that Grab Holdings Limited will post -0.03 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.