Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by Capital International Sarl

Capital International Sarl lessened its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 50.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,545 shares of the company's stock after selling 76,782 shares during the period. Capital International Sarl's holdings in Grab were worth $361,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in shares of Grab by 426.9% in the 4th quarter. NewEdge Advisors LLC now owns 79,447 shares of the company's stock valued at $375,000 after buying an additional 64,370 shares during the period. PEAK6 LLC purchased a new position in Grab in the fourth quarter worth approximately $218,000. Jump Financial LLC grew its holdings in Grab by 1,039.0% during the 4th quarter. Jump Financial LLC now owns 1,496,649 shares of the company's stock worth $7,064,000 after acquiring an additional 1,365,249 shares in the last quarter. Bridgewater Associates LP acquired a new stake in shares of Grab in the 4th quarter valued at $7,294,000. Finally, XTX Topco Ltd grew its stake in shares of Grab by 71.9% during the fourth quarter. XTX Topco Ltd now owns 193,013 shares of the company's stock worth $911,000 after purchasing an additional 80,739 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of Grab in a report on Tuesday, February 4th. CLSA upgraded shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. 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. Finally, Benchmark reissued a "buy" rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Grab has a consensus rating of "Moderate Buy" and an average target price of $5.60.

Grab Stock Performance

NASDAQ:GRAB traded up $0.30 during midday trading on Thursday, reaching $4.68. The stock had a trading volume of 30,480,485 shares, compared to its average volume of 36,914,844. 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 stock has a market cap of $18.85 billion, a P/E ratio of -234.00, a P/E/G ratio of 2.26 and a beta of 0.88. The firm has a fifty day simple moving average of $4.45 and a two-hundred day simple moving average of $4.57. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last issued its 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 3.72% and a negative return on equity of 1.63%. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. On average, equities analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab Company 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.