Ethic Inc. Acquires 144,569 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Ethic Inc. grew its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 36.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 546,094 shares of the company's stock after purchasing an additional 144,569 shares during the quarter. Ethic Inc.'s holdings in Grab were worth $2,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Deutsche Bank AG raised its holdings in shares of Grab by 26.5% during the 4th quarter. Deutsche Bank AG now owns 5,442,536 shares of the company's stock valued at $25,689,000 after purchasing an additional 1,140,415 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Grab by 176,919.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,891,669 shares of the company's stock worth $93,889,000 after acquiring an additional 19,880,432 shares during the period. Driehaus Capital Management LLC bought a new position in Grab in the 4th quarter worth $54,443,000. Cubist Systematic Strategies LLC raised its holdings in Grab by 23.4% in the 4th quarter. Cubist Systematic Strategies LLC now owns 2,507,669 shares of the company's stock worth $11,836,000 after acquiring an additional 475,790 shares during the period. Finally, Cetera Investment Advisers bought a new position in Grab in the 4th quarter worth $321,000. Institutional investors own 55.52% of the company's stock.

Grab Price Performance

Shares of NASDAQ GRAB traded up $0.03 during trading on Friday, reaching $5.09. The company had a trading volume of 24,504,073 shares, compared to its average volume of 30,664,597. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The stock has a market cap of $20.50 billion, a PE ratio of -254.50, a PEG ratio of 2.26 and a beta of 0.86. 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 business's 50 day moving average price is $4.49 and its 200-day moving average price is $4.70.

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

Analyst Ratings Changes

GRAB has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a 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. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and cut their price target for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, Benchmark reissued a "buy" rating and set a $6.00 price target on shares of Grab in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently 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.