JT Stratford LLC Purchases New Stake in Grab Holdings Limited (NASDAQ:GRAB)

JT Stratford LLC purchased a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 60,544 shares of the company's stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GRAB. Twin Tree Management LP purchased a new position in shares of Grab during the 4th quarter valued at $25,000. Global Retirement Partners LLC purchased a new position in Grab in the 4th quarter worth approximately $30,000. Campbell Capital Management Inc. bought a new position in Grab in the 4th quarter worth approximately $30,000. TD Private Client Wealth LLC increased its holdings in Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after acquiring an additional 7,890 shares during the last quarter. Finally, Allianz SE bought a new position in Grab during the fourth quarter valued at approximately $44,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on GRAB. Barclays boosted their price objective on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Citigroup restated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. CLSA raised shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Finally, HSBC raised shares of Grab from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Grab presently has a consensus rating of "Moderate Buy" and an average target price of $5.71.

Grab Price Performance

NASDAQ:GRAB traded up $0.02 during trading hours on Wednesday, hitting $4.99. 9,723,167 shares of the stock were exchanged, compared to its average volume of 30,560,351. The firm's fifty day moving average price is $4.56 and its 200 day moving average price is $4.74. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The company has a market cap of $20.07 billion, a P/E ratio of -249.25, a P/E/G ratio of 2.26 and a beta of 0.86. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting 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 firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. As a group, equities research analysts anticipate 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.