Citizens Financial Group Inc. RI bought a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 422,460 shares of the company's stock, valued at approximately $1,914,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Garde Capital Inc. acquired a new position in shares of Grab in the first quarter valued at approximately $29,000. Proficio Capital Partners LLC acquired a new position in shares of Grab in the first quarter valued at approximately $45,000. J2 Capital Management Inc acquired a new position in shares of Grab in the first quarter valued at approximately $45,000. Perigon Wealth Management LLC acquired a new position in shares of Grab in the first quarter valued at approximately $48,000. Finally, Intelligence Driven Advisers LLC acquired a new position in shares of Grab in the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 55.52% of the company's stock.
Grab Trading Up 3.8%
Shares of NASDAQ:GRAB opened at $4.95 on Friday. The company has a market capitalization of $19.93 billion, a P/E ratio of 123.78 and a beta of 0.84. Grab Holdings Limited has a 1 year low of $3.08 and a 1 year high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87. The business's 50 day simple moving average is $4.95 and its 200 day simple moving average is $4.74.
Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%. The business had revenue of $819.00 million for the quarter, compared to the consensus estimate of $809.41 million. On average, research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. decreased their target price on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.82.
View Our Latest Analysis on Grab
Grab Company Profile
(
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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