Russell Investments Group Ltd. lifted its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 137.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,094,662 shares of the company's stock after purchasing an additional 7,004,116 shares during the quarter. Russell Investments Group Ltd. owned about 0.30% of Grab worth $57,107,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Twin Tree Management LP bought a new stake in shares of Grab during the 4th quarter valued at $25,000. Global Retirement Partners LLC bought a new stake in Grab during the fourth quarter worth about $30,000. Campbell Capital Management Inc. purchased a new position in shares of Grab during the fourth quarter valued at approximately $30,000. TD Private Client Wealth LLC lifted its holdings in shares of Grab by 7,238.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Allianz SE bought a new stake in shares of Grab in the 4th quarter worth approximately $44,000. 55.52% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
GRAB has been the subject of a number of recent research reports. Benchmark reiterated a "buy" rating and set a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. HSBC raised Grab from a "hold" rating to a "buy" rating and lowered their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday. JPMorgan Chase & Co. upgraded shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price objective for the company in a research note on Friday, February 21st. Finally, Citigroup reiterated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5.62.
Get Our Latest Research Report on Grab
Grab Stock Performance
Grab stock traded up $0.08 during midday trading on Friday, reaching $4.05. 47,043,640 shares of the company traded hands, compared to its average volume of 30,070,759. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of -202.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The business has a 50 day moving average of $4.56 and a two-hundred day moving average of $4.56.
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 return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. As a group, research analysts predict 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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