OVERSEA CHINESE BANKING Corp Ltd boosted its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,563,333 shares of the company's stock after acquiring an additional 645,394 shares during the period. Grab comprises approximately 1.0% of OVERSEA CHINESE BANKING Corp Ltd's holdings, making the stock its 25th biggest holding. OVERSEA CHINESE BANKING Corp Ltd owned 0.19% of Grab worth $35,649,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in Grab by 13.4% in the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock worth $472,394,000 after acquiring an additional 14,671,388 shares during the period. Baillie Gifford & Co. grew its stake in Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock worth $221,942,000 after acquiring an additional 4,259,537 shares during the period. Perpetual Ltd purchased a new stake in shares of Grab during the 4th quarter valued at $213,177,000. State Street Corp grew its stake in shares of Grab by 2.3% during the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company's stock valued at $165,567,000 after buying an additional 967,233 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Grab by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 20,666,618 shares of the company's stock valued at $77,414,000 after buying an additional 591,898 shares during the period. 55.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
GRAB has been the subject of several research reports. Barclays boosted their price objective on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and lowered their price objective for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Bank of America raised shares of Grab from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Benchmark reissued a "buy" rating and set a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Finally, Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research 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 issued a strong buy rating to the company. According to MarketBeat, Grab presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.62.
Check Out Our Latest Stock Report on Grab
Grab Stock Up 1.3 %
GRAB stock traded up $0.06 during trading on Friday, reaching $4.64. The stock had a trading volume of 23,244,940 shares, compared to its average volume of 28,110,138. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. 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 company has a market capitalization of $18.69 billion, a P/E ratio of -232.00, a PEG ratio of 2.26 and a beta of 0.88. The firm has a fifty day moving average price of $4.66 and a 200 day moving average price of $4.47.
Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. On average, equities analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.
About Grab
(
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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