American Century Companies Inc. Boosts Stock Position in Grab Holdings Limited (NASDAQ:GRAB)

American Century Companies Inc. boosted its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 37.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 244,761 shares of the company's stock after purchasing an additional 66,534 shares during the quarter. American Century Companies Inc.'s holdings in Grab were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of GRAB. Hanwha Asset Management Co. Ltd. purchased a new position in shares of Grab in the 4th quarter valued at $227,718,000. Baillie Gifford & Co. grew its stake in shares of Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after acquiring an additional 4,259,537 shares in the last quarter. Perpetual Ltd purchased a new stake in shares of Grab during the fourth quarter worth about $213,177,000. State Street Corp grew its stake in Grab by 2.3% during the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company's stock valued at $165,567,000 after purchasing an additional 967,233 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Grab by 2.9% in the third quarter. Geode Capital Management LLC now owns 20,666,618 shares of the company's stock valued at $77,414,000 after acquiring an additional 591,898 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Trading Down 0.6 %

NASDAQ GRAB traded down $0.03 during trading hours on Wednesday, hitting $4.04. 2,789,833 shares of the company were exchanged, compared to its average volume of 37,326,199. The stock has a 50-day moving average price of $4.53 and a 200 day moving average price of $4.56. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The stock has a market cap of $16.25 billion, a PE ratio of -201.75, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

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Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $764.00 million for 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%. Analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GRAB has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price objective for the company in a research report on Friday, February 21st. CLSA upgraded shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and dropped their price target for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Citigroup reiterated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Finally, Benchmark restated a "buy" rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Two research 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 data from MarketBeat, Grab has an average rating of "Moderate Buy" and an average price target of $5.62.

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.