Grab Holdings Limited (NASDAQ:GRAB) Stock Position Trimmed by Invesco Ltd.

Invesco Ltd. reduced its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,293,928 shares of the company's stock after selling 9,634,575 shares during the period. Invesco Ltd. owned 1.25% of Grab worth $237,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Twin Tree Management LP purchased a new position in shares of Grab during the 4th quarter worth $25,000. Global Retirement Partners LLC purchased a new position in Grab during the fourth quarter worth about $30,000. Campbell Capital Management Inc. acquired a new stake in Grab in the 4th quarter worth about $30,000. TD Private Client Wealth LLC grew its holdings in Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after buying an additional 7,890 shares during the period. Finally, Allianz SE acquired a new position in shares of Grab during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GRAB. Barclays upped their price target on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised Grab from a "neutral" rating to an "overweight" rating and set a $5.60 target price on the stock in a research report on Friday, February 21st. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Finally, CLSA upgraded Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Grab presently has an average rating of "Moderate Buy" and a consensus price target of $5.62.

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Grab Stock Up 2.0 %

Shares of GRAB traded up $0.08 during midday trading on Tuesday, hitting $4.06. The company had a trading volume of 17,962,028 shares, compared to its average volume of 30,063,142. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of -203.00, a PEG ratio of 2.26 and a beta of 0.88. The company's 50 day moving average price is $4.54 and its 200 day moving average price is $4.56. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last announced 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. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. On average, equities research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

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.