Sei Investments Co. Buys 1,272,284 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Sei Investments Co. increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,135,957 shares of the company's stock after acquiring an additional 1,272,284 shares during the period. Sei Investments Co. owned approximately 0.28% of Grab worth $52,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GRAB. Empowered Funds LLC grew its position in shares of Grab by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock valued at $166,000 after purchasing an additional 3,147 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Grab during the third quarter worth about $2,757,000. Charles Schwab Investment Management Inc. increased its stake in Grab by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,429,899 shares of the company's stock worth $5,434,000 after acquiring an additional 48,596 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Grab by 83.6% in the 3rd quarter. Citigroup Inc. now owns 14,277,673 shares of the company's stock valued at $54,255,000 after acquiring an additional 6,503,051 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd boosted its position in shares of Grab by 13.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 123,679 shares of the company's stock valued at $470,000 after acquiring an additional 15,000 shares during the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several research firms recently weighed in on GRAB. JPMorgan Chase & Co. upgraded shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price objective on the stock in a research report on Friday, February 21st. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and decreased their price target for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Barclays lifted their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Benchmark reissued a "buy" rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Finally, Bank of America raised Grab from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $5.62.

Grab Trading Up 0.4 %

Shares of NASDAQ GRAB traded up $0.02 during midday trading on Thursday, reaching $4.80. The company had a trading volume of 27,425,690 shares, compared to its average volume of 28,227,510. The firm's fifty day moving average price is $4.68 and its 200-day moving average price is $4.50. 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 one year low of $2.98 and a one year high of $5.72. The stock has a market cap of $19.33 billion, a PE ratio of -240.00, 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 analysts' consensus estimates of $0.01. The firm had revenue of $764.00 million during 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%. On average, equities research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share 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.