Capital Research Global Investors Sells 10,863,930 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Capital Research Global Investors decreased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,075,205 shares of the company's stock after selling 10,863,930 shares during the quarter. Capital Research Global Investors owned 0.55% of Grab worth $104,195,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Twin Tree Management LP acquired a new position in Grab during the 4th quarter valued at about $25,000. Campbell Capital Management Inc. acquired a new position in shares of Grab during the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC bought a new stake in Grab during the fourth quarter worth approximately $30,000. TD Private Client Wealth LLC boosted its stake in Grab by 7,238.5% during the 4th 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 acquired a new position in shares of Grab during the 4th quarter valued at $44,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Up 2.1 %

Shares of NASDAQ:GRAB traded up $0.10 during trading on Friday, reaching $4.78. 37,668,481 shares of the company traded hands, compared to its average volume of 30,008,311. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The firm has a fifty day simple moving average of $4.43 and a 200 day simple moving average of $4.58. The firm has a market cap of $19.25 billion, a P/E ratio of -239.00, 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 results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

GRAB has been the subject of several research reports. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Bank of America upgraded shares of Grab from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Finally, Benchmark reissued a "buy" rating and issued a $6.00 price target on shares of Grab 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 issued a strong buy rating to the company. According to MarketBeat, Grab has a consensus rating of "Moderate Buy" and a consensus target price of $5.60.

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.