Aubrey Capital Management Ltd Has $18.28 Million Stake in Grab Holdings Limited (NASDAQ:GRAB)

Aubrey Capital Management Ltd lowered its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,036,400 shares of the company's stock after selling 125,700 shares during the period. Grab accounts for about 7.3% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 4th largest position. Aubrey Capital Management Ltd owned about 0.10% of Grab worth $18,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Twin Tree Management LP purchased a new position in shares of Grab in the fourth quarter valued at $25,000. Global Retirement Partners LLC purchased a new position in shares of Grab in the fourth quarter valued at $30,000. Campbell Capital Management Inc. purchased a new position in Grab during the fourth quarter worth $30,000. TD Private Client Wealth LLC boosted its stake in Grab by 7,238.5% during the fourth 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 Grab during the fourth quarter worth $44,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on GRAB shares. Benchmark reaffirmed a "buy" rating and set a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Barclays lifted their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. CLSA raised shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $5.71.

Grab Trading Down 1.3%

Shares of GRAB traded down $0.06 during trading hours on Friday, reaching $4.57. 27,500,826 shares of the company traded hands, compared to its average volume of 31,677,730. The firm has a market cap of $18.40 billion, a price-to-earnings ratio of -228.50, a PEG ratio of 2.26 and a beta of 0.84. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock's fifty day moving average price is $4.69 and its 200 day moving average price is $4.72.

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.