Voloridge Investment Management LLC Purchases New Position in Grab Holdings Limited (NASDAQ:GRAB)

Voloridge Investment Management LLC acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,712,928 shares of the company's stock, valued at approximately $41,125,000. Voloridge Investment Management LLC owned approximately 0.22% of Grab at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Twin Tree Management LP bought a new position in shares of Grab during the fourth quarter valued at $25,000. Global Retirement Partners LLC purchased a new position in Grab in the 4th quarter worth about $30,000. Campbell Capital Management Inc. bought a new position in Grab during the 4th quarter valued at about $30,000. TD Private Client Wealth LLC boosted its holdings in shares of Grab by 7,238.5% during 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 purchased a new stake in shares of Grab during the 4th quarter valued at about $44,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Performance

Shares of GRAB stock traded down $0.01 during trading hours on Monday, reaching $4.95. 12,716,561 shares of the company traded hands, compared to its average volume of 30,660,261. The firm has a 50-day moving average price of $4.55 and a 200 day moving average price of $4.73. The company has a market cap of $19.93 billion, a P/E ratio of -247.50, a P/E/G ratio of 2.26 and a beta of 0.86. 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 12-month low of $2.98 and a 12-month high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The company had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. As a group, sell-side analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GRAB shares. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. CLSA upgraded shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and dropped their price target for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Barclays upped their price objective on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Finally, Citigroup reissued a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $5.71.

Grab 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.