Grab Holdings Limited (NASDAQ:GRAB) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 111.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,829,032 shares of the company's stock after buying an additional 18,882,118 shares during the quarter. Assenagon Asset Management S.A. owned about 0.89% of Grab worth $162,306,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GRAB. Twin Tree Management LP purchased a new position in shares of Grab during the 4th quarter worth $25,000. Global Retirement Partners LLC purchased a new position in shares of Grab in the 4th quarter worth $30,000. Campbell Capital Management Inc. purchased a new position in shares of Grab in the 4th quarter worth $30,000. TD Private Client Wealth LLC raised its position in shares of Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after buying an additional 7,890 shares during the period. Finally, Allianz SE purchased a new position in shares of Grab in the 4th quarter worth $44,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Down 1.3%

Shares of Grab stock traded down $0.06 during trading hours on Friday, hitting $4.57. 27,500,826 shares of the company's stock traded hands, compared to its average volume of 31,677,730. The stock has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company has a market cap of $18.40 billion, a PE ratio of -228.50, a PEG ratio of 2.26 and a beta of 0.84. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72.

Analysts Set New Price Targets

GRAB has been the topic of several research reports. CLSA raised Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Barclays increased their target price on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Benchmark reaffirmed a "buy" rating and issued a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Grab 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.