Asset Management One Co. Ltd. boosted its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 14.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 879,588 shares of the company's stock after purchasing an additional 111,992 shares during the period. Asset Management One Co. Ltd.'s holdings in Grab were worth $3,985,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Twin Tree Management LP purchased a new position in shares of Grab during the 4th quarter valued at approximately $25,000. Garde Capital Inc. acquired a new stake in Grab in the first quarter valued at $29,000. Global Retirement Partners LLC bought a new position in Grab during the 4th quarter valued at $30,000. Campbell Capital Management Inc. bought a new position in Grab during the 4th quarter valued at $30,000. Finally, TD Private Client Wealth LLC grew its holdings in Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $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 Performance
Shares of NASDAQ GRAB traded down $0.10 during mid-day trading on Tuesday, hitting $4.93. The company had a trading volume of 30,146,789 shares, compared to its average volume of 32,705,658. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The stock has a market cap of $19.85 billion, a price-to-earnings ratio of 251.50 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 simple moving average is $4.84 and its two-hundred day simple moving average is $4.68.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. CLSA raised Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Two research 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 company's stock. Based on data from MarketBeat, Grab currently has an average rating of "Moderate Buy" and an average price target of $5.71.
Read Our Latest Report on GRAB
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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