Grab Holdings Limited (NASDAQ:GRAB) Stock Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,666,618 shares of the company's stock after acquiring an additional 591,898 shares during the quarter. Geode Capital Management LLC owned about 0.53% of Grab worth $77,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of GRAB. Allspring Global Investments Holdings LLC boosted its stake in shares of Grab by 18.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,243,162 shares of the company's stock valued at $76,924,000 after acquiring an additional 3,163,309 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Grab during the third quarter valued at approximately $22,434,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Grab in the 3rd quarter valued at $2,757,000. Caz Investments LP lifted its position in Grab by 100.0% during the 3rd quarter. Caz Investments LP now owns 3,700,232 shares of the company's stock worth $13,598,000 after acquiring an additional 1,850,116 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Grab by 24.0% during the third quarter. Public Sector Pension Investment Board now owns 1,095,005 shares of the company's stock worth $4,161,000 after purchasing an additional 211,800 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on GRAB. China Renaissance lowered Grab from a "buy" rating to a "hold" rating and set a $5.40 price objective for the company. in a research note on Thursday, November 21st. Mizuho raised their price objective on shares of Grab from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Hsbc Global Res lowered shares of Grab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 5th. Benchmark reiterated a "buy" rating and issued a $6.00 price target on shares of Grab in a research note on Tuesday, November 12th. Finally, HSBC cut Grab from a "buy" rating to a "hold" rating and upped their price objective for the company from $4.25 to $5.50 in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.53.

Grab Stock Performance

Shares of Grab stock traded down $0.02 during trading on Friday, hitting $4.90. 26,923,740 shares of the stock were exchanged, compared to its average volume of 26,331,621. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. Grab Holdings Limited has a 12 month low of $2.90 and a 12 month high of $5.72. The stock's fifty day moving average is $4.66 and its 200 day moving average is $3.88. The stock has a market cap of $19.73 billion, a PE ratio of -245.00 and a beta of 0.90.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The firm had revenue of $716.00 million during the quarter, compared to analysts' expectations of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter in the prior year, the firm earned ($0.02) EPS. As a group, sell-side analysts anticipate that Grab Holdings Limited will post -0.03 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.