Headlands Technologies LLC increased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 52.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,169,562 shares of the company's stock after purchasing an additional 402,320 shares during the quarter. Grab accounts for about 0.6% of Headlands Technologies LLC's holdings, making the stock its 26th largest holding. Headlands Technologies LLC's holdings in Grab were worth $5,520,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of GRAB. Wellington Management Group LLP increased its position in shares of Grab by 13.4% in the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock valued at $472,394,000 after buying an additional 14,671,388 shares in the last quarter. Hanwha Asset Management Co. Ltd. purchased a new stake in Grab in the 4th quarter worth $227,718,000. Baillie Gifford & Co. increased its holdings in Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock worth $221,942,000 after acquiring an additional 4,259,537 shares in the last quarter. Perpetual Ltd acquired a new position in Grab during the fourth quarter worth $213,177,000. Finally, State Street Corp lifted its holdings in Grab by 2.3% during the third quarter. State Street Corp now owns 43,570,388 shares of the company's stock valued at $165,567,000 after purchasing an additional 967,233 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.
Analyst Upgrades and Downgrades
GRAB has been the subject of several research analyst reports. Citigroup restated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Barclays increased their target price on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Benchmark reissued a "buy" rating and issued a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Finally, HSBC raised shares of Grab from a "hold" rating to a "buy" rating and lowered their target price for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.62.
View Our Latest Research Report on Grab
Grab Trading Down 12.4 %
Grab stock traded down $0.53 during midday trading on Friday, hitting $3.73. 87,059,443 shares of the stock were exchanged, compared to its average volume of 29,240,202. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock's 50-day simple moving average is $4.66 and its 200 day simple moving average is $4.55. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of -186.50, a PEG ratio of 2.26 and a beta of 0.88.
Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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. On average, equities analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.
Grab 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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