Quantessence Capital LLC acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 231,277 shares of the company's stock, valued at approximately $1,092,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Hanwha Asset Management Co. Ltd. bought a new position in Grab in the 4th quarter valued at about $227,718,000. Baillie Gifford & Co. lifted its holdings in shares of Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after purchasing an additional 4,259,537 shares in the last quarter. Perpetual Ltd purchased a new position in shares of Grab during the fourth quarter valued at approximately $213,177,000. Arrowstreet Capital Limited Partnership grew its holdings in Grab by 5,066.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after buying an additional 33,257,610 shares in the last quarter. Finally, Norges Bank purchased a new stake in Grab in the 4th quarter valued at $145,927,000. Institutional investors own 55.52% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Benchmark reaffirmed a "buy" rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and dropped their target price for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Barclays lifted their price target on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. 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's stock. According to data from MarketBeat.com, Grab has an average rating of "Moderate Buy" and an average price target of $5.60.
Read Our Latest Stock Analysis on GRAB
Grab Stock Performance
Shares of GRAB opened at $4.07 on Tuesday. 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 firm has a market cap of $16.39 billion, a PE ratio of -203.50, a PEG ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The stock's fifty day moving average price is $4.47 and its two-hundred day moving average price is $4.57.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. On average, equities research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.
Grab Company 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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