Quantbot Technologies LP purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 919,942 shares of the company's stock, valued at approximately $4,342,000.
A number of other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in Grab by 13.4% in the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock worth $472,394,000 after buying an additional 14,671,388 shares during the last quarter. Hanwha Asset Management Co. Ltd. purchased a new stake in Grab in the 4th quarter worth about $227,718,000. Baillie Gifford & Co. increased its holdings 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 last quarter. Perpetual Ltd bought a new stake in Grab in the 4th quarter valued at about $213,177,000. Finally, State Street Corp lifted its holdings in Grab by 2.3% during the third quarter. State Street Corp now owns 43,570,388 shares of the company's stock valued at $165,567,000 after purchasing an additional 967,233 shares during the last quarter. Institutional investors own 55.52% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on GRAB shares. Barclays boosted their price target on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Benchmark reaffirmed a "buy" rating and issued a $6.00 price target on shares of Grab in a report on Thursday, February 20th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and decreased their price objective for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Citigroup restated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target on the stock in a report on Friday, February 21st. Two 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 company. Based on data from MarketBeat.com, Grab currently has an average rating of "Moderate Buy" and a consensus price target of $5.62.
View Our Latest Stock Analysis on Grab
Grab Price Performance
GRAB stock traded up $0.24 during mid-day trading on Wednesday, hitting $4.78. 34,234,372 shares of the stock were exchanged, compared to its average volume of 28,152,944. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The stock has a market capitalization of $19.25 billion, a price-to-earnings ratio of -239.00, a PEG ratio of 2.26 and a beta of 0.88. The business has a fifty day moving average price of $4.67 and a 200 day moving average price of $4.50. 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $764.00 million during 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%. On average, sell-side analysts anticipate that Grab Holdings Limited will post 0.05 EPS 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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