Thompson Siegel & Walmsley LLC Buys Shares of 522,682 Grab Holdings Limited (NASDAQ:GRAB)

Thompson Siegel & Walmsley LLC bought a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 522,682 shares of the company's stock, valued at approximately $1,986,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new stake in shares of Grab during the 2nd quarter valued at $166,587,000. Coronation Fund Managers Ltd. lifted its position in shares of Grab by 29.7% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 45,452,613 shares of the company's stock valued at $161,357,000 after buying an additional 10,410,574 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Grab by 39.7% during the 2nd quarter. Marshall Wace LLP now owns 30,405,993 shares of the company's stock valued at $107,941,000 after acquiring an additional 8,635,310 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Grab by 18.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,243,162 shares of the company's stock worth $76,924,000 after acquiring an additional 3,163,309 shares in the last quarter. Finally, Prudential PLC raised its stake in Grab by 13.9% during the 2nd quarter. Prudential PLC now owns 20,226,225 shares of the company's stock worth $71,803,000 after acquiring an additional 2,461,934 shares during the period. 55.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GRAB. Daiwa Capital Markets began coverage on shares of Grab in a research note on Wednesday, October 23rd. They issued an "outperform" rating and a $4.60 price objective for the company. China Renaissance downgraded Grab from a "buy" rating to a "hold" rating and set a $5.40 price objective on the stock. in a research report on Thursday. Barclays upped their price objective on Grab from $4.70 to $5.50 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Evercore ISI lifted their price objective on shares of Grab from $7.00 to $8.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Bank of America downgraded shares of Grab from a "buy" rating to an "underperform" rating and set a $4.90 target price on the stock. in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $5.42.

Grab Price Performance

Shares of NASDAQ GRAB traded down $0.60 during trading hours on Friday, reaching $5.07. The stock had a trading volume of 58,748,875 shares, compared to its average volume of 45,377,460. The business's fifty day moving average price is $4.09 and its two-hundred day moving average price is $3.68. Grab Holdings Limited has a 52-week low of $2.90 and a 52-week high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the prior year, the company earned ($0.02) EPS. On average, equities research analysts expect that Grab Holdings Limited will post -0.03 earnings per share for the current fiscal year.

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.