Baillie Gifford & Co. raised its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,021,709 shares of the company's stock after buying an additional 4,259,537 shares during the period. Baillie Gifford & Co. owned about 1.17% of Grab worth $221,942,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Perpetual Ltd acquired a new position in Grab in the 4th quarter worth approximately $213,177,000. Wellington Management Group LLP raised its holdings in 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 acquiring an additional 14,671,388 shares during the period. Tree Line Advisors Hong Kong Ltd. acquired a new stake in Grab in the 3rd quarter worth $38,000,000. Assenagon Asset Management S.A. grew its position in 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 purchasing an additional 8,868,071 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Grab by 179.6% during 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 valued at $47,357,000 after acquiring an additional 8,004,912 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on GRAB. Bank of America raised shares of Grab from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Mizuho boosted 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. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and decreased their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut shares of Grab from an "overweight" rating to a "neutral" rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $5.63.
Get Our Latest Report on GRAB
Grab Stock Down 10.5 %
Shares of Grab stock traded down $0.56 on Thursday, hitting $4.78. The company had a trading volume of 81,890,618 shares, compared to its average volume of 35,695,191. The firm has a market capitalization of $19.25 billion, a P/E ratio of -239.00, a P/E/G ratio of 2.21 and a beta of 0.90. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month 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 stock has a 50-day moving average of $4.78 and a 200-day moving average of $4.26.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results 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 net margin of 3.57% and a negative return on equity of 1.50%. Research analysts predict that Grab Holdings Limited will post -0.02 earnings per share for the current year.
Grab Company Profile
(
Free Report)
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.
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