US Bancorp DE Acquires 321,942 Shares of Grab Holdings Limited (NASDAQ:GRAB)

US Bancorp DE lifted its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 4,851.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 328,578 shares of the company's stock after purchasing an additional 321,942 shares during the period. US Bancorp DE's holdings in Grab were worth $1,551,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Perpetual Ltd bought a new position in Grab during the fourth quarter valued at about $213,177,000. Wellington Management Group LLP increased its stake in Grab by 13.4% during the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock valued at $472,394,000 after acquiring an additional 14,671,388 shares during the period. Tree Line Advisors Hong Kong Ltd. bought a new position in Grab during the third quarter valued at about $38,000,000. Assenagon Asset Management S.A. increased its stake in Grab by 109.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company's stock valued at $79,989,000 after acquiring an additional 8,868,071 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Grab by 179.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company's stock valued at $47,357,000 after acquiring an additional 8,004,912 shares during the period. 55.52% of the stock is currently owned by institutional investors.

Grab Price Performance

Shares of GRAB traded down $0.01 on Friday, hitting $4.59. The company's stock had a trading volume of 39,209,301 shares, compared to its average volume of 28,078,701. The company has a market capitalization of $18.48 billion, a PE ratio of -229.50, a PEG ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The company has a 50 day moving average price of $4.72 and a 200 day moving average price of $4.39.

Remove Ads

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target on the stock in a research note on Friday, February 21st. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $4.90 to $5.10 in a report on Tuesday, January 7th. HSBC raised Grab from a "hold" rating to a "buy" rating and decreased their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Evercore ISI lifted their price objective on Grab from $7.00 to $8.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Benchmark reaffirmed a "buy" rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $5.62.

Grab 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.