260,099 Shares in Grab Holdings Limited (NASDAQ:GRAB) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 260,099 shares of the company's stock, valued at approximately $1,228,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Twin Tree Management LP purchased a new stake in Grab during the 4th quarter worth $25,000. Global Retirement Partners LLC purchased a new stake in Grab during the 4th quarter worth $30,000. Campbell Capital Management Inc. purchased a new stake in Grab during the 4th quarter worth $30,000. TD Private Client Wealth LLC lifted its stake 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 worth $38,000 after acquiring an additional 7,890 shares in the last quarter. Finally, Allianz SE acquired a new position in shares of Grab in the fourth quarter worth about $44,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GRAB. Citigroup restated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. CLSA upgraded Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lowered their target price on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Barclays increased their price target on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5.60.

Grab Stock Up 0.6%

NASDAQ GRAB traded up $0.03 during trading on Friday, hitting $5.09. 24,504,073 shares of the company traded hands, compared to its average volume of 30,651,288. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The business has a fifty day simple moving average of $4.49 and a 200 day simple moving average of $4.69. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $20.50 billion, a P/E ratio of -254.50, a PEG ratio of 2.26 and a beta of 0.86.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting 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 company had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. As a group, sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS 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.