Marshall Wace LLP Sells 3,362,530 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Marshall Wace LLP lessened its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,813,061 shares of the company's stock after selling 3,362,530 shares during the period. Marshall Wace LLP owned approximately 0.79% of Grab worth $150,158,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GRAB. FNY Investment Advisers LLC grew its holdings in Grab by 13.9% in the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock worth $135,000 after acquiring an additional 3,500 shares during the last quarter. Wedbush Securities Inc. increased its holdings in Grab by 19.1% during the 4th quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock valued at $103,000 after purchasing an additional 3,500 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in Grab by 40.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock valued at $69,000 after purchasing an additional 4,250 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Grab by 1.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock worth $1,658,000 after buying an additional 4,412 shares during the period. Finally, Vestcor Inc lifted its stake in Grab by 16.6% in the fourth quarter. Vestcor Inc now owns 33,602 shares of the company's stock worth $159,000 after acquiring an additional 4,776 shares during the period. Institutional investors own 55.52% of the company's stock.

Wall Street Analyst Weigh In

GRAB has been the subject of several research reports. Bank of America upgraded shares of 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 report on Tuesday, January 7th. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. HSBC raised Grab from a "hold" rating to a "buy" rating and dropped their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup restated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Grab presently has a consensus rating of "Moderate Buy" and an average price target of $5.60.

Grab Price Performance

Shares of NASDAQ GRAB traded down $0.10 during midday trading on Monday, reaching $4.01. The stock had a trading volume of 7,352,290 shares, compared to its average volume of 30,014,371. 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 $2.98 and a 12-month high of $5.72. The stock has a 50-day moving average of $4.49 and a 200-day moving average of $4.57. The company has a market capitalization of $16.15 billion, a price-to-earnings ratio of -200.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB - Get Free Report) last released its 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 return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. As a group, research 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.