Ostrum Asset Management Invests $1.10 Million in Grab Holdings Limited (NASDAQ:GRAB)

Ostrum Asset Management acquired a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 234,000 shares of the company's stock, valued at approximately $1,104,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its stake in shares of Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock worth $221,942,000 after buying an additional 4,259,537 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Grab by 4,311.8% in the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company's stock worth $1,691,000 after purchasing an additional 435,014 shares during the last quarter. Leibman Financial Services Inc. acquired a new stake in shares of Grab during the fourth quarter worth $937,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Grab by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company's stock valued at $22,220,000 after purchasing an additional 134,243 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its stake in Grab by 764.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company's stock valued at $1,487,000 after buying an additional 278,563 shares during the period. 55.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on GRAB. Barclays increased their target price on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Citigroup restated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Finally, HSBC upgraded Grab from a "hold" rating to a "buy" rating and cut their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Two equities research 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 stock. According to MarketBeat, Grab presently has a consensus rating of "Moderate Buy" and an average target price of $5.60.

Grab Stock Up 3.3 %

Shares of NASDAQ GRAB traded up $0.14 during midday trading on Wednesday, reaching $4.38. The company's stock had a trading volume of 42,323,374 shares, compared to its average volume of 29,891,904. The stock has a 50 day simple moving average of $4.45 and a 200-day simple moving average of $4.57. 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 has a market capitalization of $17.64 billion, a price-to-earnings ratio of -219.00, a PEG ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72.

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. 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%. Equities research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Grab 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.