Deutsche Bank AG grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 26.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,442,536 shares of the company's stock after acquiring an additional 1,140,415 shares during the quarter. Deutsche Bank AG owned about 0.14% of Grab worth $25,689,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Uber Technologies Inc bought a new position in shares of Grab in the 4th quarter valued at about $2,529,462,000. Hanwha Asset Management Co. Ltd. purchased a new position in shares of Grab during the fourth quarter valued at $227,718,000. Baillie Gifford & Co. raised its holdings in shares of Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after acquiring an additional 4,259,537 shares in the last quarter. Perpetual Ltd purchased a new stake in Grab in the fourth quarter worth about $213,177,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Grab by 5,066.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after acquiring an additional 33,257,610 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.
Grab Price Performance
Shares of Grab stock traded down $0.10 during trading hours on Tuesday, reaching $4.99. The stock had a trading volume of 6,482,922 shares, compared to its average volume of 30,542,982. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. 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 firm has a market capitalization of $20.07 billion, a PE ratio of -249.25, a PEG ratio of 2.26 and a beta of 0.86. The stock's 50 day moving average is $4.51 and its 200 day moving average is $4.71.
Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS 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 business had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Equities analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Barclays increased their price objective on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. CLSA raised Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price target on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup reaffirmed a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5.71.
Get Our Latest Analysis on GRAB
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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