Raymond James Financial Inc. purchased a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 246,731 shares of the company's stock, valued at approximately $1,165,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC raised its holdings in shares of Grab by 13.9% in the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock worth $135,000 after buying an additional 3,500 shares during the period. Traynor Capital Management Inc. grew its position in Grab by 47.7% in the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company's stock valued at $75,000 after acquiring an additional 5,100 shares during the last quarter. Callan Capital LLC increased its stake in Grab by 20.4% in the fourth quarter. Callan Capital LLC now owns 31,196 shares of the company's stock worth $147,000 after purchasing an additional 5,290 shares during the period. M&T Bank Corp lifted its position in shares of Grab by 1.7% during the third quarter. M&T Bank Corp now owns 335,179 shares of the company's stock worth $1,274,000 after purchasing an additional 5,545 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Grab by 57.1% during the fourth quarter. Blue Trust Inc. now owns 15,348 shares of the company's stock valued at $72,000 after purchasing an additional 5,581 shares during the period. 55.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target for the company in a research note on Friday, February 21st. HSBC upgraded Grab from a "hold" rating to a "buy" rating and lowered their price target for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Citigroup restated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Finally, Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $5.62.
View Our Latest Stock Report on Grab
Grab Stock Up 7.2 %
GRAB stock traded up $0.25 during trading on Tuesday, reaching $3.73. 77,844,926 shares of the company traded hands, compared to its average volume of 29,728,465. The business has a 50 day simple moving average of $4.60 and a 200 day simple moving average of $4.55. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month 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 company has a market capitalization of $15.02 billion, a price-to-earnings ratio of -186.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $764.00 million for the quarter, compared to analysts' expectations 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 anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal 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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