1,517,995 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by 111 Capital

111 Capital acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,517,995 shares of the company's stock, valued at approximately $7,165,000. Grab accounts for approximately 1.5% of 111 Capital's holdings, making the stock its 11th largest position.

A number of other hedge funds have also added to or reduced their stakes in GRAB. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Grab during the fourth quarter valued at $6,829,000. Wealthedge Investment Advisors LLC purchased a new stake in Grab in the fourth quarter worth about $68,000. Employees Retirement System of Texas bought a new position in Grab during the 4th quarter worth about $190,000. Heck Capital Advisors LLC purchased a new position in Grab during the 4th quarter valued at about $321,000. Finally, Mackenzie Financial Corp increased its position in Grab by 41.1% during the 4th quarter. Mackenzie Financial Corp now owns 202,263 shares of the company's stock valued at $955,000 after purchasing an additional 58,934 shares during the period. 55.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GRAB has been the subject of several research reports. Barclays upped their price target on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Citigroup restated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. HSBC upgraded 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 restated a "buy" rating and set a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Two research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5.71.

Grab Stock Down 0.6%

GRAB stock traded down $0.03 on Friday, hitting $4.86. 34,294,328 shares of the company's stock were exchanged, compared to its average volume of 30,610,668. The firm has a 50 day moving average price of $4.58 and a two-hundred day moving average price of $4.74. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The stock has a market cap of $19.57 billion, a P/E ratio of -243.00, a price-to-earnings-growth 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.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate 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 the consensus estimate 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.

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.