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Citizens Financial Group Inc. RI Takes Position in Grab Holdings Limited (NASDAQ:GRAB)

Grab logo with Computer and Technology background

Key Points

  • Citizens Financial Group Inc. RI purchased 422,460 shares of Grab Holdings Limited, valued at approximately $1,914,000, marking a significant investment during the first quarter.
  • Grab Holdings has recently reported quarterly earnings with earnings per share (EPS) of $0.01, meeting analyst expectations, and generated $819 million in revenue, above consensus estimates.
  • The company currently holds a market capitalization of $19.93 billion, with analysts giving it a consensus rating of "Moderate Buy" and a price target averaging $5.82.
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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.

Recommended Stories

Want to see what other hedge funds are holding GRAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grab Holdings Limited (NASDAQ:GRAB - Free Report).

Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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