Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 63.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 209,165 shares of the company's stock after selling 361,435 shares during the period. Calamos Advisors LLC's holdings in Grab were worth $948,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GRAB. Smartleaf Asset Management LLC raised its position in shares of Grab by 570.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 13,234 shares of the company's stock valued at $63,000 after acquiring an additional 11,259 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Grab by 28.3% during the 4th quarter. HighTower Advisors LLC now owns 40,484 shares of the company's stock valued at $191,000 after acquiring an additional 8,938 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Grab by 426.9% during the 4th quarter. NewEdge Advisors LLC now owns 79,447 shares of the company's stock valued at $375,000 after acquiring an additional 64,370 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Grab during the 1st quarter valued at approximately $165,000. Finally, US Bancorp DE raised its position in shares of Grab by 4,851.4% during the 4th quarter. US Bancorp DE now owns 328,578 shares of the company's stock valued at $1,551,000 after acquiring an additional 321,942 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GRAB. JPMorgan Chase & Co. dropped 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 Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Two 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 company. According to MarketBeat.com, Grab currently has an average rating of "Moderate Buy" and an average target price of $5.71.

Grab Stock Performance

Shares of GRAB traded down $0.07 during trading hours on Thursday, reaching $4.92. 28,466,929 shares of the company's stock traded hands, compared to its average volume of 36,596,043. The firm has a market capitalization of $19.81 billion, a price-to-earnings ratio of 246.12 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. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The business's fifty day simple moving average is $4.87 and its two-hundred day simple moving average is $4.68.

Grab 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.