Natixis Advisors LLC bought a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 153,680 shares of the company's stock, valued at approximately $725,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC raised its position in Grab by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock worth $166,000 after purchasing an additional 3,147 shares during the period. FNY Investment Advisers LLC grew its stake in shares of Grab by 13.9% during the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock valued at $135,000 after buying an additional 3,500 shares during the last quarter. Vestcor Inc raised its holdings in shares of Grab by 16.6% in the fourth quarter. Vestcor Inc now owns 33,602 shares of the company's stock worth $159,000 after buying an additional 4,776 shares during the period. Traynor Capital Management Inc. lifted its stake in shares of Grab by 47.7% during the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company's stock worth $75,000 after acquiring an additional 5,100 shares during the last quarter. Finally, Callan Capital LLC boosted its holdings in Grab by 20.4% during the 4th quarter. Callan Capital LLC now owns 31,196 shares of the company's stock valued at $147,000 after acquiring an additional 5,290 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.
Grab Stock Performance
Shares of GRAB traded down $0.23 during trading hours on Friday, reaching $4.57. 25,042,857 shares of the company traded hands, compared to its average volume of 28,931,192. The stock has a market capitalization of $18.40 billion, a P/E ratio of -228.50, a P/E/G ratio of 2.26 and a beta of 0.88. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $4.68 and a 200-day moving average price of $4.53. 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 announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Equities analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Barclays increased their target price on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Citigroup reiterated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Benchmark restated a "buy" rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upgraded Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target for the company in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.62.
View Our Latest Analysis on GRAB
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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