Quadrature Capital Ltd Sells 335,700 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Quadrature Capital Ltd trimmed its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 37.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 569,238 shares of the company's stock after selling 335,700 shares during the period. Quadrature Capital Ltd's holdings in Grab were worth $2,157,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company's stock valued at $35,000 after purchasing an additional 3,408 shares in the last quarter. Traynor Capital Management Inc. bought a new stake in shares of Grab during the third quarter worth $41,000. Sage Rhino Capital LLC bought a new stake in shares of Grab during the second quarter worth $38,000. Glenmede Trust Co. NA bought a new stake in shares of Grab during the third quarter worth $53,000. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Grab by 37.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company's stock worth $50,000 after acquiring an additional 3,795 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Benchmark reissued a "buy" rating and set a $6.00 price objective on shares of Grab in a research report on Tuesday, November 12th. Evercore ISI increased their target price on shares of Grab from $7.00 to $8.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Mizuho increased their target price on shares of Grab from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on shares of Grab from $5.00 to $5.70 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Finally, Barclays increased their target price on shares of Grab from $4.70 to $5.50 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Grab has an average rating of "Moderate Buy" and a consensus price target of $5.53.

Grab Price Performance

Shares of GRAB stock traded down $0.10 during midday trading on Friday, hitting $5.14. 26,300,734 shares of the company were exchanged, compared to its average volume of 51,697,120. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm's 50 day moving average price is $4.39 and its two-hundred day moving average price is $3.79.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $716.00 million during the quarter, compared to analysts' expectations of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter in the previous year, the company earned ($0.02) EPS. As a group, equities analysts forecast that Grab Holdings Limited will post -0.03 earnings per share 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.