Baader Bank Aktiengesellschaft Has $318,000 Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• Baader Bank Aktiengesellschaft has reduced its stake in Grab Holdings by 77.3%, now holding 71,534 shares valued at approximately $318,000.
• Several hedge funds have recently acquired new stakes in Grab, indicating growing interest, with institutional investors owning 55.52% of the stock.
• Analysts have a generally positive outlook on Grab, with a consensus rating of "Moderate Buy" and an average price target of $5.82.

Baader Bank Aktiengesellschaft lessened its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 77.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,534 shares of the company's stock after selling 243,466 shares during the period. Baader Bank Aktiengesellschaft's holdings in Grab were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in shares of Grab by 28.3% in the fourth quarter. HighTower Advisors LLC now owns 40,484 shares of the company's stock worth $191,000 after buying an additional 8,938 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Grab during the 1st quarter worth about $165,000. NewEdge Advisors LLC lifted its holdings in Grab by 426.9% in the 4th quarter. NewEdge Advisors LLC now owns 79,447 shares of the company's stock worth $375,000 after purchasing an additional 64,370 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Grab by 669.7% during the first quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock worth $420,000 after purchasing an additional 80,602 shares during the period. Finally, SG Americas Securities LLC lifted its position in Grab by 98.9% during the 1st quarter. SG Americas Securities LLC now owns 227,950 shares of the company's stock worth $1,033,000 after acquiring an additional 113,373 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Price Performance

Shares of GRAB stock traded down $0.09 during mid-day trading on Friday, reaching $4.80. The company's stock had a trading volume of 39,657,416 shares, compared to its average volume of 39,305,112. The company has a market cap of $19.33 billion, a P/E ratio of 240.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.49. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The firm's 50-day moving average is $4.95 and its two-hundred day moving average is $4.73.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GRAB. JPMorgan Chase & Co. lowered their price target on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. CLSA upgraded 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, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $5.82.

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.