Cetera Investment Advisers Makes New $321,000 Investment in Grab Holdings Limited (NASDAQ:GRAB)

Cetera Investment Advisers purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 67,920 shares of the company's stock, valued at approximately $321,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GRAB. Twin Tree Management LP bought a new position in shares of Grab in the 4th quarter valued at about $25,000. Campbell Capital Management Inc. acquired a new position in Grab in the fourth quarter valued at about $30,000. Global Retirement Partners LLC bought a new stake in Grab during the 4th quarter worth approximately $30,000. TD Private Client Wealth LLC lifted its holdings in shares of Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after purchasing an additional 7,890 shares in the last quarter. Finally, Allianz SE acquired a new stake in shares of Grab in the fourth quarter valued at approximately $44,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GRAB. Barclays lifted their target price on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. CLSA upgraded Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, HSBC raised Grab from a "hold" rating to a "buy" rating and reduced their price objective for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. 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 company's stock. Based on data from MarketBeat.com, Grab has a consensus rating of "Moderate Buy" and an average price target of $5.71.

Grab Stock Up 0.6%

Shares of NASDAQ GRAB traded up $0.03 during midday trading on Wednesday, hitting $5.02. 25,526,070 shares of the stock traded hands, compared to its average volume of 30,676,295. The company has a market cap of $20.22 billion, a PE ratio of -251.00, a P/E/G ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The business has a 50 day moving average price of $4.59 and a two-hundred day moving average price of $4.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

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.