Twenty Acre Capital LP Has $7.89 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Twenty Acre Capital LP decreased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,672,100 shares of the company's stock after selling 139,600 shares during the quarter. Grab comprises about 6.4% of Twenty Acre Capital LP's investment portfolio, making the stock its 8th biggest position. Twenty Acre Capital LP's holdings in Grab were worth $7,892,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Twin Tree Management LP acquired a new stake in Grab in the 4th quarter valued at $25,000. Global Retirement Partners LLC bought a new stake in shares of Grab in the 4th quarter valued at approximately $30,000. Campbell Capital Management Inc. bought a new position in Grab in the fourth quarter worth about $30,000. TD Private Client Wealth LLC grew its position 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 worth $38,000 after acquiring an additional 7,890 shares during the last quarter. Finally, Allianz SE acquired a new stake in Grab in the 4th quarter valued at approximately $44,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GRAB. Citigroup reaffirmed a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Barclays upped their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. HSBC raised Grab from a "hold" rating to a "buy" rating and dropped their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Two investment 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. According to data from MarketBeat.com, Grab has a consensus rating of "Moderate Buy" and a consensus target price of $5.60.

Grab Price Performance

GRAB stock traded up $0.24 during mid-day trading on Tuesday, hitting $4.31. 7,463,000 shares of the stock were exchanged, compared to its average volume of 29,954,181. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of -215.25, a PEG ratio of 2.26 and a beta of 0.88. 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 business has a fifty day moving average price of $4.47 and a 200 day moving average price of $4.57.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) 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 company had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. On average, sell-side analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab 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.