Grab Holdings Limited (NASDAQ:GRAB) is Caz Investments LP's 2nd Largest Position

Caz Investments LP lessened its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 50.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,832,616 shares of the company's stock after selling 1,867,616 shares during the quarter. Grab comprises approximately 12.4% of Caz Investments LP's portfolio, making the stock its 2nd largest position. Caz Investments LP's holdings in Grab were worth $8,650,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GRAB. Twin Tree Management LP acquired a new position in shares of Grab in the 4th quarter worth approximately $25,000. Campbell Capital Management Inc. purchased a new position in shares of Grab during the fourth quarter worth $30,000. Global Retirement Partners LLC acquired a new stake in shares of Grab in the fourth quarter valued at $30,000. TD Private Client Wealth LLC raised its holdings in shares of Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after buying an additional 7,890 shares during the period. Finally, New York Life Investment Management LLC acquired a new position in Grab during the 4th quarter worth about $48,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GRAB has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target for the company in a research report on Friday, February 21st. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, Benchmark reiterated a "buy" rating and issued a $6.00 target price on shares of Grab in a report on Thursday, February 20th. Two equities 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.62.

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Grab Stock Up 0.7 %

Shares of GRAB traded up $0.03 during mid-day trading on Wednesday, reaching $4.58. The company's stock had a trading volume of 14,931,484 shares, compared to its average volume of 28,867,605. The company's 50 day moving average is $4.68 and its 200 day moving average is $4.54. The stock has a market cap of $18.44 billion, a PE ratio of -229.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 12-month low of $2.98 and a 12-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.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting 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 the consensus estimate of $762.57 million. Equities analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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.