Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 102,541 shares of the company's stock, valued at approximately $465,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC raised its position in shares of Grab by 56.4% during the 1st quarter. Private Advisor Group LLC now owns 31,905 shares of the company's stock worth $145,000 after purchasing an additional 11,508 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Grab by 76.1% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 13,318,393 shares of the company's stock worth $60,332,000 after purchasing an additional 5,755,060 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Grab by 12.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 101,936 shares of the company's stock worth $462,000 after purchasing an additional 10,980 shares during the period. Cohen Capital Management Inc. raised its position in shares of Grab by 52.6% during the 1st quarter. Cohen Capital Management Inc. now owns 691,917 shares of the company's stock worth $3,134,000 after purchasing an additional 238,585 shares during the period. Finally, Genus Capital Management Inc. grew its holdings in Grab by 206.0% in the 1st quarter. Genus Capital Management Inc. now owns 88,286 shares of the company's stock worth $400,000 after buying an additional 171,572 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.
Grab Price Performance
NASDAQ GRAB traded down $0.11 on Monday, reaching $5.26. 6,661,811 shares of the stock traded hands, compared to its average volume of 36,625,215. The firm's fifty day simple moving average is $4.94 and its 200 day simple moving average is $4.71. The company has a quick ratio of 2.46, a current ratio of 2.49 and a debt-to-equity ratio of 0.04. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 263.88 and a beta of 0.84. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. CLSA raised Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.82.
Check Out Our Latest Report on Grab
Grab Profile
(
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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