Vinva Investment Management Ltd Acquires 241,498 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Vinva Investment Management Ltd increased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 755,587 shares of the company's stock after acquiring an additional 241,498 shares during the quarter. Vinva Investment Management Ltd's holdings in Grab were worth $3,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Grab by 9.3% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,563,333 shares of the company's stock worth $35,649,000 after acquiring an additional 645,394 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of Grab in the 4th quarter worth about $25,000. Corient Private Wealth LLC boosted its stake in Grab by 29.6% in the 4th quarter. Corient Private Wealth LLC now owns 128,187 shares of the company's stock worth $605,000 after purchasing an additional 29,288 shares in the last quarter. Centurion Wealth Management LLC purchased a new stake in Grab during the 4th quarter valued at about $113,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Grab during the 4th quarter valued at about $50,000. Institutional investors own 55.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Barclays increased their target price on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Benchmark restated a "buy" rating and issued a $6.00 price target on shares of Grab in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price objective on the stock in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5.62.

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Grab Stock Performance

Shares of NASDAQ GRAB traded down $0.02 during midday trading on Monday, hitting $4.62. 34,906,510 shares of the company's stock traded hands, compared to its average volume of 28,169,307. The firm has a fifty day moving average of $4.66 and a 200 day moving average of $4.48. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of -231.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

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