LBP AM SA increased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 916,589 shares of the company's stock after acquiring an additional 118,392 shares during the period. LBP AM SA's holdings in Grab were worth $4,326,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GRAB. Perpetual Ltd bought a new position in Grab in the 4th quarter worth approximately $213,177,000. Wellington Management Group LLP raised its position in shares of Grab by 13.4% during the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock valued at $472,394,000 after buying an additional 14,671,388 shares in the last quarter. Tree Line Advisors Hong Kong Ltd. purchased a new position in Grab in the 3rd quarter worth $38,000,000. Assenagon Asset Management S.A. raised 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Grab by 179.6% in 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 worth $47,357,000 after acquiring an additional 8,004,912 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.
Analyst Upgrades and Downgrades
GRAB has been the topic of a number of research reports. Bank of America raised shares of Grab from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Barclays upped their target price on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target on the stock in a research report on Friday, February 21st. Benchmark reaffirmed a "buy" rating and set a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Finally, HSBC raised shares of Grab from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.62.
View Our Latest Report on Grab
Grab Trading Down 2.8 %
GRAB traded down $0.13 on Thursday, reaching $4.58. 17,062,518 shares of the company traded hands, compared to its average volume of 28,081,562. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. 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 market cap of $18.44 billion, a P/E ratio of -229.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The firm has a fifty day simple moving average of $4.66 and a two-hundred day simple moving average of $4.46.
Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. As a group, equities research analysts expect that Grab Holdings Limited will post 0.05 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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