Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 76.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 484,971 shares of the company's stock after selling 1,588,505 shares during the quarter. Ameriprise Financial Inc.'s holdings in Grab were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mutual Advisors LLC bought a new stake in Grab in the 4th quarter valued at about $115,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Grab in the fourth quarter worth about $494,000. Blue Trust Inc. boosted its holdings in shares of Grab by 57.1% in the fourth quarter. Blue Trust Inc. now owns 15,348 shares of the company's stock worth $72,000 after buying an additional 5,581 shares during the period. Mount Yale Investment Advisors LLC acquired a new stake in shares of Grab during the fourth quarter worth approximately $262,000. Finally, Baader Bank Aktiengesellschaft boosted its holdings in shares of Grab by 764.5% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company's stock worth $1,487,000 after purchasing an additional 278,563 shares during the period. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Price Performance

Shares of NASDAQ:GRAB traded down $0.03 during trading on Friday, hitting $4.86. 34,294,328 shares of the company's stock were exchanged, compared to its average volume of 30,610,668. The company has a market cap of $19.57 billion, a price-to-earnings ratio of -243.00, a PEG ratio of 2.26 and a beta of 0.86. The business's 50-day simple moving average is $4.58 and its 200 day simple moving average is $4.74. 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 52-week low of $2.98 and a 52-week high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (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 company had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. As a group, equities analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

GRAB has been the topic of a number of recent analyst reports. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and dropped their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Citigroup reiterated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price 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. Finally, CLSA raised shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. 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 stock. Based on data from MarketBeat, the company 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.