Thompson Siegel & Walmsley LLC Cuts Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Thompson Siegel & Walmsley LLC lessened its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 33.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 348,582 shares of the company's stock after selling 174,100 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in Grab were worth $1,645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. raised its holdings in shares of Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after buying an additional 4,259,537 shares during the period. Tidal Investments LLC increased its holdings in Grab by 4,311.8% during the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company's stock worth $1,691,000 after purchasing an additional 435,014 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Grab during the 3rd quarter worth about $22,434,000. Leibman Financial Services Inc. purchased a new stake in Grab during the 4th quarter worth about $937,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Grab by 2.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company's stock worth $22,220,000 after purchasing an additional 134,243 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Stock Performance

Shares of NASDAQ GRAB traded up $0.11 during trading hours on Wednesday, reaching $4.71. The stock had a trading volume of 38,810,026 shares, compared to its average volume of 28,138,701. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of -235.50, a PEG ratio of 2.26 and a beta of 0.88. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The firm has a 50-day moving average of $4.66 and a 200-day moving average of $4.45.

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Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Equities research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Benchmark restated a "buy" rating and set a $6.00 price target on shares of Grab in a report on Thursday, February 20th. Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. China Renaissance cut Grab from a "buy" rating to a "hold" rating and set a $5.40 price objective for the company. in a research report on Thursday, November 21st. Finally, Barclays upped their price objective on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $5.62.

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.