60,544 Shares in Grab Holdings Limited (NASDAQ:GRAB) Purchased by JT Stratford LLC

JT Stratford LLC acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 60,544 shares of the company's stock, valued at approximately $286,000.

Several other institutional investors have also added to or reduced their stakes in GRAB. Traynor Capital Management Inc. increased its stake in shares of Grab by 47.7% in the fourth quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company's stock worth $75,000 after purchasing an additional 5,100 shares in the last quarter. Mutual Advisors LLC purchased a new position in Grab in the 4th quarter valued at approximately $115,000. Affinity Wealth Management LLC raised its holdings in Grab by 4.1% during the 4th quarter. Affinity Wealth Management LLC now owns 1,040,009 shares of the company's stock valued at $4,909,000 after acquiring an additional 40,533 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Grab during the 4th quarter valued at $494,000. Finally, Blue Trust Inc. lifted its position in shares of Grab by 57.1% during the fourth quarter. Blue Trust Inc. now owns 15,348 shares of the company's stock worth $72,000 after acquiring an additional 5,581 shares in the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Trading Up 3.1%

Shares of GRAB opened at $4.96 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a market capitalization of $19.97 billion, a P/E ratio of -248.00, a P/E/G ratio of 2.26 and a beta of 0.86. The firm's 50 day simple moving average is $4.54 and its 200 day simple moving average is $4.72.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. Sell-side analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GRAB has been the subject of several recent research reports. Benchmark reiterated a "buy" rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and lowered their price target for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective 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. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, CLSA upgraded shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.71.

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.

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