Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 532.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,522 shares of the company's stock after buying an additional 152,839 shares during the period. Quantinno Capital Management LP's holdings in Grab were worth $857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Man Group plc boosted its position in Grab by 443.0% in the 4th quarter. Man Group plc now owns 540,211 shares of the company's stock valued at $2,550,000 after buying an additional 440,720 shares during the period. Numerai GP LLC purchased a new position in Grab in the 4th quarter valued at approximately $332,000. Millennium Management LLC boosted its position in Grab by 195.1% in the 4th quarter. Millennium Management LLC now owns 13,269,994 shares of the company's stock valued at $62,634,000 after buying an additional 8,773,138 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Grab by 186.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,891 shares of the company's stock worth $146,000 after purchasing an additional 20,102 shares during the last quarter. Finally, Lightspeed Management Company L.L.C. purchased a new stake in shares of Grab during the 4th quarter worth $9,982,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Stock Up 0.4%

NASDAQ:GRAB traded up $0.02 during midday trading on Tuesday, hitting $4.97. 25,499,716 shares of the company were exchanged, compared to its average volume of 30,639,632. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $20.01 billion, a PE ratio of -248.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The company has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $4.73.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Benchmark reaffirmed a "buy" rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $5.50 to $5.45 in a research report 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 report on Wednesday, April 16th. Finally, CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.71.

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.