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JPMorgan Chase & Co. Boosts Position in Grab Holdings Limited (NASDAQ:GRAB)

Grab logo with Computer and Technology background

Key Points

  • JPMorgan Chase & Co. increased its stake in Grab Holdings by 19.0%, owning approximately 50 million shares worth around $226 million as of its latest SEC filing.
  • Analysts have reduced their target price for Grab from $5.60 to $5.30, but maintain an "overweight" rating with a consensus target price of $5.82.
  • Grab reported a revenue of $819 million in its latest earnings, exceeding analysts' expectations, and met EPS expectations with a reported $0.01 per share.
  • Want stock alerts on Grab? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

JPMorgan Chase & Co. raised its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,027,575 shares of the company's stock after acquiring an additional 7,998,293 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.24% of Grab worth $226,625,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GRAB. Garde Capital Inc. acquired a new position in Grab in the 1st quarter valued at about $29,000. J2 Capital Management Inc acquired a new position in Grab in the 1st quarter valued at about $45,000. Proficio Capital Partners LLC acquired a new position in Grab in the 1st quarter valued at about $45,000. Perigon Wealth Management LLC acquired a new position in Grab in the 1st quarter valued at about $48,000. Finally, Intelligence Driven Advisers LLC acquired a new position in Grab in the 1st quarter valued at about $48,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Price Performance

Shares of Grab stock remained flat at $5.13 on Friday. The stock had a trading volume of 17,761,256 shares, compared to its average volume of 36,697,020. Grab Holdings Limited has a 1-year low of $3.12 and a 1-year high of $5.72. The company has a market capitalization of $20.66 billion, a P/E ratio of 128.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. The stock's fifty day moving average is $4.95 and its 200 day moving average is $4.76.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.01 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 during the quarter, compared to the consensus estimate of $809.41 million. On average, research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Grab 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.

See Also

Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

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