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

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.

About Grab

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.