Tidal Investments LLC boosted its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 4,311.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 445,103 shares of the company's stock after acquiring an additional 435,014 shares during the quarter. Tidal Investments LLC's holdings in Grab were worth $1,691,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC raised its position in shares of Grab by 7.7% during the 3rd 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 during the period. Blue Trust Inc. lifted its position in shares of Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company's stock worth $35,000 after purchasing an additional 3,408 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Grab by 37.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company's stock worth $50,000 after buying an additional 3,795 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Grab by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company's stock valued at $2,951,000 after buying an additional 3,941 shares during the period. Finally, First Trust Direct Indexing L.P. increased its position in Grab by 34.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company's stock valued at $70,000 after purchasing an additional 4,725 shares during the period. Institutional investors own 55.52% of the company's stock.
Grab Price Performance
Shares of Grab stock traded down $0.23 on Wednesday, reaching $4.91. The company's stock had a trading volume of 25,754,320 shares, compared to its average volume of 26,345,266. Grab Holdings Limited has a 52-week low of $2.90 and a 52-week high of $5.72. The company has a market capitalization of $19.77 billion, a P/E ratio of -245.50 and a beta of 0.90. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $4.63 and a 200-day moving average price of $3.88.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.01 EPS for the quarter. The company had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter in the prior year, the firm earned ($0.02) EPS. Analysts expect that Grab Holdings Limited will post -0.03 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Mizuho boosted their price target on Grab from $5.00 to $6.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Benchmark reaffirmed a "buy" rating and issued a $6.00 price target on shares of Grab in a report on Tuesday, November 12th. Bank of America downgraded Grab from a "buy" rating to an "underperform" rating and set a $4.90 target price for the company. in a report on Friday, November 22nd. Evercore ISI raised their price target on shares of Grab from $7.00 to $8.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Finally, HSBC cut shares of Grab from a "buy" rating to a "hold" rating and lifted their price objective for the company from $4.25 to $5.50 in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $5.53.
Read Our Latest Report on GRAB
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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