Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,228,620 shares of the company's stock after acquiring an additional 250,794 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Grab were worth $5,799,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new stake in shares of Grab during the fourth quarter worth $25,000. Global Retirement Partners LLC bought a new stake in Grab during the 4th quarter worth about $30,000. Campbell Capital Management Inc. acquired a new stake in Grab in the 4th quarter valued at about $30,000. TD Private Client Wealth LLC raised its stake in shares of Grab by 7,238.5% in 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, SeaBridge Investment Advisors LLC acquired a new position in shares of Grab during the fourth quarter worth approximately $48,000. 55.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Bank of America raised shares of Grab from an "underperform" rating to a "neutral" rating and raised their price target for the company from $4.90 to $5.10 in a report on Tuesday, January 7th. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Benchmark reaffirmed a "buy" rating and set a $6.00 price target on shares of Grab in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price objective for the company in a report on Friday, February 21st. Finally, Citigroup restated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5.62.
Read Our Latest Report on GRAB
Grab Trading Down 12.4 %
Shares of GRAB stock traded down $0.53 on Friday, reaching $3.73. The company had a trading volume of 87,059,443 shares, compared to its average volume of 29,242,708. The stock has a market cap of $15.02 billion, a PE ratio of -186.50, a PEG ratio of 2.26 and a beta of 0.88. The company has a 50-day moving average of $4.66 and a 200-day moving average of $4.54. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72.
Grab (NASDAQ:GRAB - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. On average, equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.
Grab Company 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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