Allspring Global Investments Holdings LLC lessened its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,691,619 shares of the company's stock after selling 397,685 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.49% of Grab worth $89,597,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Twin Tree Management LP acquired a new stake in Grab in the 4th quarter valued at about $25,000. Garde Capital Inc. acquired a new stake in Grab in the 1st quarter valued at about $29,000. Global Retirement Partners LLC acquired a new stake in Grab in the 4th quarter valued at about $30,000. Campbell Capital Management Inc. acquired a new stake in Grab in the 4th quarter valued at about $30,000. Finally, TD Private Client Wealth LLC increased its position 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 in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.
Grab Stock Up 5.4%
Shares of NASDAQ GRAB opened at $4.92 on Friday. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.49. The stock has a market cap of $19.81 billion, a P/E ratio of 246.12 and a beta of 0.84. The firm has a 50 day moving average price of $4.82 and a 200 day moving average price of $4.68.
Analyst Ratings Changes
GRAB has been the subject of several analyst reports. CLSA upgraded shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lowered 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 research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $5.71.
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About Grab
(
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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