Virtu Financial LLC Takes Position in Grab Holdings Limited (NASDAQ:GRAB)

Virtu Financial LLC bought a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 345,007 shares of the company's stock, valued at approximately $1,628,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Grab in the third quarter valued at $2,757,000. Thompson Siegel & Walmsley LLC bought a new position in Grab during the 3rd quarter valued at $1,986,000. Charles Schwab Investment Management Inc. increased its position in shares of Grab by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,429,899 shares of the company's stock worth $5,434,000 after purchasing an additional 48,596 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Grab by 83.6% in the 3rd quarter. Citigroup Inc. now owns 14,277,673 shares of the company's stock valued at $54,255,000 after purchasing an additional 6,503,051 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on GRAB shares. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Bank of America raised shares of Grab from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and reduced their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Barclays boosted their price objective on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Finally, 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 report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5.62.

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Grab Price Performance

Shares of NASDAQ:GRAB traded up $0.02 during trading on Thursday, reaching $4.80. The company had a trading volume of 27,425,690 shares, compared to its average volume of 28,227,510. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The firm has a market capitalization of $19.33 billion, a PE ratio of -240.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The firm's fifty day moving average is $4.68 and its 200 day moving average is $4.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) 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 firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. On average, equities analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

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.