Banque Cantonale Vaudoise Invests $548,000 in Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• Banque Cantonale Vaudoise acquired a new stake in Grab Holdings, purchasing 120,938 shares valued at approximately $548,000.
• Institutional investors and hedge funds collectively own 55.52% of Grab's stock, with several firms increasing their positions in recent quarters.
• JPMorgan Chase reduced its target price for Grab from $5.60 to $5.30, while Grab holds an average target of $5.82 with a "Moderate Buy" rating from analysts.

Banque Cantonale Vaudoise bought a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 120,938 shares of the company's stock, valued at approximately $548,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Uber Technologies Inc purchased a new stake in Grab during the 4th quarter valued at $2,529,462,000. Toyota Motor Corp purchased a new stake in Grab in the 4th quarter worth approximately $1,052,117,000. Baillie Gifford & Co. raised its stake in Grab by 7.3% during the 1st quarter. Baillie Gifford & Co. now owns 50,443,998 shares of the company's stock worth $228,511,000 after acquiring an additional 3,422,289 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Grab by 111.4% during the first quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock valued at $162,306,000 after purchasing an additional 18,882,118 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Grab during the fourth quarter valued at approximately $137,561,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Trading Up 3.3%

NASDAQ:GRAB traded up $0.16 during midday trading on Monday, hitting $4.96. 26,261,987 shares of the company traded hands, compared to its average volume of 41,291,796. The firm has a market capitalization of $19.97 billion, a P/E ratio of 120.00 and a beta of 0.84. The firm's fifty day moving average is $4.95 and its 200-day moving average is $4.73. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $819.00 million for the quarter, compared to the consensus estimate of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. On average, sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

Analysts Set New Price Targets

GRAB has been the subject of a number of recent analyst reports. CLSA raised Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price target on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5.82.

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.