Driehaus Capital Management LLC Takes $54.44 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Driehaus Capital Management LLC bought a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,534,614 shares of the company's stock, valued at approximately $54,443,000. Driehaus Capital Management LLC owned approximately 0.29% of Grab as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of GRAB. Twin Tree Management LP bought a new position in shares of Grab in the 4th quarter worth about $25,000. Global Retirement Partners LLC bought a new position in Grab in the 4th quarter worth about $30,000. Campbell Capital Management Inc. purchased a new stake in shares of Grab in the fourth quarter worth $30,000. TD Private Client Wealth LLC raised its position in Grab by 7,238.5% during 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 in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Up 1.0%

GRAB stock traded up $0.05 on Tuesday, hitting $5.04. 27,991,767 shares of the company's stock were exchanged, compared to its average volume of 30,545,955. The stock has a market cap of $20.30 billion, a P/E ratio of -252.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm has a 50 day moving average price of $4.44 and a two-hundred day moving average price of $4.68.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. As a group, equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on GRAB. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. CLSA upgraded shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Barclays boosted their target price on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Benchmark restated a "buy" rating and set a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued 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 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.