Aquatic Capital Management LLC Takes Position in Grab Holdings Limited (NASDAQ:GRAB)

Aquatic Capital Management LLC acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 205,091 shares of the company's stock, valued at approximately $968,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GRAB. Twin Tree Management LP purchased a new position in shares of Grab in the fourth quarter worth about $25,000. Campbell Capital Management Inc. bought a new stake in Grab during the 4th quarter valued at $30,000. Global Retirement Partners LLC bought a new position in shares of Grab in the fourth quarter worth $30,000. TD Private Client Wealth LLC grew its position in shares of Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after purchasing an additional 7,890 shares in the last quarter. Finally, Allianz SE bought a new stake in shares of Grab during the 4th quarter valued at $44,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GRAB. CLSA raised Grab to a "moderate buy" rating in a report on Wednesday, April 9th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and decreased their price target for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Citigroup reaffirmed a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Finally, Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $5.60.

Grab Trading Up 0.1 %

GRAB stock traded up $0.01 during trading on Monday, hitting $4.90. 19,774,611 shares of the company traded hands, compared to its average volume of 36,643,621. The company has a 50-day moving average of $4.43 and a 200-day moving average of $4.64. 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 Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The firm has a market capitalization of $19.71 billion, a PE ratio of -244.75, a P/E/G ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $762.57 million. Analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

About Grab

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.