Quantinno Capital Management LP Grows Stake in Grab Holdings Limited (NASDAQ:GRAB)

Quantinno Capital Management LP increased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 532.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,522 shares of the company's stock after acquiring an additional 152,839 shares during the period. Quantinno Capital Management LP's holdings in Grab were worth $857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ellevest Inc. raised its holdings in shares of Grab by 3.3% in the 4th quarter. Ellevest Inc. now owns 82,793 shares of the company's stock worth $391,000 after acquiring an additional 2,636 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of Grab by 19.1% in the 4th quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock worth $103,000 after acquiring an additional 3,500 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Grab by 40.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock worth $69,000 after acquiring an additional 4,250 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Grab by 1.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock valued at $1,658,000 after buying an additional 4,412 shares during the last quarter. Finally, Vestcor Inc increased its stake in Grab by 16.6% in the 4th quarter. Vestcor Inc now owns 33,602 shares of the company's stock valued at $159,000 after buying an additional 4,776 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on GRAB. Barclays increased their price objective on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Benchmark reiterated a "buy" rating and issued a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Citigroup reiterated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price objective on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and decreased their price objective for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.71.

Grab Stock Performance

Grab stock traded down $0.01 during mid-day trading on Wednesday, reaching $4.97. The company's stock had a trading volume of 15,501,911 shares, compared to its average volume of 35,463,250. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a market capitalization of $19.99 billion, a P/E ratio of -248.25, a PEG ratio of 2.26 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm's fifty day moving average price is $4.56 and its two-hundred day moving average price is $4.74.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Grab Profile

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.