NS Partners Ltd acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,820,500 shares of the company's stock, valued at approximately $8,247,000.
Other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in Grab by 6.0% in the first quarter. Sequoia Financial Advisors LLC now owns 45,934 shares of the company's stock valued at $208,000 after acquiring an additional 2,581 shares in the last quarter. Ellevest Inc. grew its position in Grab by 3.3% in the fourth quarter. Ellevest Inc. now owns 82,793 shares of the company's stock valued at $391,000 after acquiring an additional 2,636 shares in the last quarter. Leibman Financial Services Inc. grew its position in Grab by 1.7% in the first quarter. Leibman Financial Services Inc. now owns 201,858 shares of the company's stock valued at $914,000 after acquiring an additional 3,331 shares in the last quarter. Callan Capital LLC grew its position in Grab by 10.9% in the first quarter. Callan Capital LLC now owns 34,603 shares of the company's stock valued at $157,000 after acquiring an additional 3,407 shares in the last quarter. Finally, Wedbush Securities Inc. grew its position in shares of Grab by 19.1% during the fourth quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock worth $103,000 after buying an additional 3,500 shares in the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.
Grab Price Performance
NASDAQ:GRAB traded down $0.07 during trading hours on Friday, reaching $4.88. The company had a trading volume of 21,945,039 shares, compared to its average volume of 40,152,480. The stock has a 50-day moving average of $4.95 and a two-hundred day moving average of $4.74. Grab Holdings Limited has a one year low of $3.08 and a one year high of $5.72. The firm has a market capitalization of $19.65 billion, a PE ratio of 122.03 and a beta of 0.84. The company has a quick ratio of 1.87, a current ratio of 1.88 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 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $819.00 million for the quarter, compared to analysts' expectations of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. Analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. decreased their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.82.
Read Our Latest Analysis 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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