Jump Financial LLC Buys 1,365,249 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Jump Financial LLC raised its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 1,039.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,496,649 shares of the company's stock after buying an additional 1,365,249 shares during the period. Jump Financial LLC's holdings in Grab were worth $7,064,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Tree Management LP bought a new position in Grab in the fourth quarter valued at about $25,000. Global Retirement Partners LLC bought a new position in shares of Grab in the 4th quarter valued at about $30,000. Campbell Capital Management Inc. acquired a new stake in shares of Grab during the 4th quarter worth approximately $30,000. TD Private Client Wealth LLC raised its stake 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 buying an additional 7,890 shares during the last quarter. Finally, Allianz SE acquired a new position in Grab in the fourth quarter valued at approximately $44,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on GRAB shares. JPMorgan Chase & Co. dropped their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays increased their target price on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and upped their price target for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Citigroup reissued a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5.60.

Grab Stock Down 2.2 %

Shares of GRAB traded down $0.09 during midday trading on Monday, hitting $4.02. The stock had a trading volume of 6,049,517 shares, compared to its average volume of 30,007,838. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of -201.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a 50 day simple moving average of $4.49 and a two-hundred day simple moving average of $4.57. Grab Holdings Limited has a twelve month low of $2.98 and a twelve 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 announced its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. On average, analysts anticipate 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.