Baader Bank Aktiengesellschaft Purchases 278,563 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Baader Bank Aktiengesellschaft raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 764.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,000 shares of the company's stock after acquiring an additional 278,563 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Grab were worth $1,487,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GRAB. Blue Trust Inc. lifted its stake in shares of Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company's stock worth $35,000 after buying an additional 3,408 shares during the last quarter. Traynor Capital Management Inc. acquired a new stake in shares of Grab in the third quarter worth $41,000. Glenmede Trust Co. NA acquired a new stake in shares of Grab in the third quarter worth $53,000. Baldwin Wealth Partners LLC MA acquired a new stake in shares of Grab in the fourth quarter worth $67,000. Finally, First Trust Direct Indexing L.P. lifted its stake in shares of Grab by 34.5% in the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company's stock worth $70,000 after buying an additional 4,725 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Performance

Grab stock traded down $0.11 on Thursday, hitting $4.68. The company's stock had a trading volume of 20,340,808 shares, compared to its average volume of 23,849,805. The firm has a market cap of $18.83 billion, a P/E ratio of -233.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.90. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $4.89 and a 200-day moving average price of $4.11. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The firm had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. On average, equities analysts anticipate that Grab Holdings Limited will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GRAB. Bank of America upgraded shares of Grab from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Barclays boosted their price objective on shares of Grab from $4.70 to $5.50 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Evercore ISI upped their target price on shares of Grab from $7.00 to $8.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Benchmark reiterated a "buy" rating and set a $6.00 target price on shares of Grab in a research note on Tuesday, November 12th. Finally, HSBC cut shares of Grab from a "buy" rating to a "hold" rating and upped their target price for the company from $4.25 to $5.50 in a research note on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Grab currently has a consensus rating of "Moderate Buy" and an average price target of $5.55.

About Grab

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.