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Diversified Trust Co Invests $265,000 in Grab Holdings Limited (NASDAQ:GRAB)

Grab logo with Computer and Technology background

Diversified Trust Co bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 58,494 shares of the company's stock, valued at approximately $265,000.

A number of other hedge funds also recently made changes to their positions in GRAB. Twin Tree Management LP purchased a new stake in Grab in the 4th quarter worth about $25,000. Garde Capital Inc. purchased a new stake in Grab in the 1st quarter worth about $29,000. Campbell Capital Management Inc. purchased a new stake in Grab in the 4th quarter worth about $30,000. TD Private Client Wealth LLC increased its holdings in Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after acquiring an additional 7,890 shares during the last quarter. Finally, Allianz SE purchased a new stake in Grab in the 4th quarter worth about $44,000. 55.52% of the stock is currently owned by institutional investors.

Grab Price Performance

GRAB stock traded down $0.01 during mid-day trading on Friday, reaching $4.90. 19,438,366 shares of the company traded hands, compared to its average volume of 32,977,220. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.49 and a quick ratio of 2.46. The company has a market capitalization of $19.71 billion, a P/E ratio of 244.87 and a beta of 0.84. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The company has a fifty day moving average price of $4.87 and a 200-day moving average price of $4.67.

Analyst Ratings Changes

GRAB has been the subject of several recent research reports. CLSA raised Grab to a "moderate buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5.71.

Get Our Latest Stock Analysis on Grab

About Grab

(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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Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

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