Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,834,100 shares of the company's stock after selling 440,700 shares during the period. Swiss National Bank owned about 0.14% of Grab worth $27,537,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Metis Global Partners LLC lifted its position in shares of Grab by 10.9% during the 3rd quarter. Metis Global Partners LLC now owns 53,262 shares of the company's stock valued at $202,000 after buying an additional 5,221 shares in the last quarter. CIBC Asset Management Inc raised its position in Grab by 4.9% during the third quarter. CIBC Asset Management Inc now owns 203,901 shares of the company's stock worth $775,000 after acquiring an additional 9,466 shares during the period. Empowered Funds LLC lifted its holdings in Grab by 7.7% during the third quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock valued at $166,000 after purchasing an additional 3,147 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Grab in the third quarter valued at about $2,757,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Grab during the third quarter worth about $1,986,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GRAB shares. China Renaissance cut Grab from a "buy" rating to a "hold" rating and set a $5.40 price objective on the stock. in a report on Thursday, November 21st. HSBC raised Grab from a "hold" rating to a "buy" rating and reduced their price objective for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Barclays increased their target price 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. Finally, Benchmark restated a "buy" rating and set a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.62.

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Grab Trading Up 1.3 %

GRAB traded up $0.06 during trading hours on Friday, reaching $4.64. The company's stock had a trading volume of 23,227,642 shares, compared to its average volume of 28,060,085. The business's 50-day moving average is $4.66 and its 200-day moving average is $4.46. 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 cap of $18.69 billion, a PE ratio of -232.00, a P/E/G ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72.

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, hitting analysts' consensus estimates of $0.01. The business had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. As a group, equities research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

About Grab

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.