62,905 Shares in Grab Holdings Limited (NASDAQ:GRAB) Purchased by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 62,905 shares of the company's stock, valued at approximately $285,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Uber Technologies Inc purchased a new stake in Grab during the fourth quarter worth about $2,529,462,000. Toyota Motor Corp purchased a new stake in Grab during the fourth quarter worth about $1,052,117,000. Hanwha Asset Management Co. Ltd. purchased a new stake in Grab during the fourth quarter worth about $227,718,000. Assenagon Asset Management S.A. boosted 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 worth $162,306,000 after buying an additional 18,882,118 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Grab by 5,066.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after buying an additional 33,257,610 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Stock Down 0.1%

Shares of NASDAQ GRAB opened at $4.90 on Friday. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a market capitalization of $19.71 billion, a PE ratio of 244.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.49 and a quick ratio of 2.46. The firm's 50-day moving average is $4.87 and its two-hundred day moving average is $4.68.

Analyst Ratings Changes

A number of analysts recently commented on GRAB shares. CLSA raised shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Two 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. According to data from MarketBeat.com, Grab presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.71.

Grab Company Profile

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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