Quantinno Capital Management LP Increases Stock Holdings 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 GRAB. Uber Technologies Inc bought a new stake in shares of Grab during the 4th quarter worth $2,529,462,000. Hanwha Asset Management Co. Ltd. bought a new position in Grab during the fourth quarter valued at about $227,718,000. Arrowstreet Capital Limited Partnership grew its position in Grab by 5,066.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock valued at $160,075,000 after buying an additional 33,257,610 shares during the period. Norges Bank bought a new position in Grab during the fourth quarter valued at about $145,927,000. Finally, BNP Paribas Financial Markets bought a new position in Grab during the fourth quarter valued at about $137,561,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GRAB. CLSA upgraded shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Barclays increased their price target on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. reduced their price target 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. Benchmark restated a "buy" rating and set a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Finally, Citigroup restated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Two research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5.71.

Grab Stock Performance

NASDAQ:GRAB traded down $0.07 on Thursday, reaching $4.91. 7,414,489 shares of the company's stock were exchanged, compared to its average volume of 30,585,943. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of -245.25, a P/E/G ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The stock has a fifty day simple moving average of $4.57 and a 200-day simple moving average of $4.74.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. As a group, sell-side analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Grab Company 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.