Nordwand Advisors LLC Cuts Stake in Grab Holdings Limited (NASDAQ:GRAB)

Nordwand Advisors LLC lessened its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 673,000 shares of the company's stock after selling 662,000 shares during the quarter. Grab makes up about 1.3% of Nordwand Advisors LLC's investment portfolio, making the stock its 7th biggest position. Nordwand Advisors LLC's holdings in Grab were worth $3,177,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GRAB. Perpetual Ltd purchased a new position in shares of Grab during the 4th quarter worth $213,177,000. Wellington Management Group LLP raised its position in shares of Grab by 13.4% in the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock worth $472,394,000 after buying an additional 14,671,388 shares during the period. Tree Line Advisors Hong Kong Ltd. purchased a new position in shares of Grab in the 3rd quarter worth $38,000,000. Assenagon Asset Management S.A. raised its position in shares of Grab by 109.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company's stock worth $79,989,000 after buying an additional 8,868,071 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Grab by 179.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company's stock worth $47,357,000 after buying an additional 8,004,912 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.

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Grab Stock Down 0.2 %

NASDAQ:GRAB traded down $0.01 during mid-day trading on Friday, reaching $4.59. The stock had a trading volume of 39,209,301 shares, compared to its average volume of 28,078,701. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of -229.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The stock's 50 day simple moving average is $4.72 and its two-hundred day simple moving average is $4.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Equities analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on GRAB shares. Barclays increased their target price on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. HSBC raised Grab from a "hold" rating to a "buy" rating and cut their target price for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Mizuho raised their target price on Grab from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Evercore ISI raised their target price on Grab from $7.00 to $8.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.