Ensign Peak Advisors Inc acquired a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 111,050 shares of the company's stock, valued at approximately $524,000.
Several other large investors have also added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its position in Grab by 10.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock worth $221,942,000 after buying an additional 4,259,537 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company's stock valued at $22,220,000 after purchasing an additional 134,243 shares during the last quarter. Baader Bank Aktiengesellschaft grew its stake in Grab by 764.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company's stock valued at $1,487,000 after purchasing an additional 278,563 shares in the last quarter. Matthews International Capital Management LLC increased its position in shares of Grab by 34.4% during the 4th quarter. Matthews International Capital Management LLC now owns 4,874,167 shares of the company's stock worth $23,006,000 after purchasing an additional 1,247,339 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Grab by 570.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 13,234 shares of the company's stock worth $63,000 after purchasing an additional 11,259 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.
Analysts Set New Price Targets
GRAB has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Barclays lifted their price target on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. CLSA upgraded Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Citigroup reaffirmed a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Finally, HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and cut their target price for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Grab presently has an average rating of "Moderate Buy" and a consensus price target of $5.71.
View Our Latest Research Report on Grab
Grab Price Performance
GRAB stock traded down $0.14 during midday trading on Tuesday, reaching $4.94. 32,500,369 shares of the stock were exchanged, compared to its average volume of 30,643,619. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a fifty day moving average price of $4.51 and a 200 day moving average price of $4.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The stock has a market capitalization of $19.89 billion, a PE ratio of -247.00, a P/E/G ratio of 2.26 and a beta of 0.86.
Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. As a group, analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.
About Grab
(
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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