Tremblant Capital Group lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,937,392 shares of the company's stock after buying an additional 170,614 shares during the quarter. Grab comprises approximately 6.8% of Tremblant Capital Group's investment portfolio, making the stock its largest holding. Tremblant Capital Group owned about 0.35% of Grab worth $65,784,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Twin Tree Management LP acquired a new stake in Grab in the 4th quarter valued at $25,000. Campbell Capital Management Inc. acquired a new stake in Grab in the 4th quarter valued at $30,000. Global Retirement Partners LLC acquired a new stake in Grab in the 4th quarter valued at $30,000. TD Private Client Wealth LLC grew its position 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 valued at $38,000 after purchasing an additional 7,890 shares during the period. Finally, Allianz SE acquired a new stake in Grab in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 55.52% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Benchmark reissued a "buy" rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Citigroup reissued a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. 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. Finally, Barclays raised their price objective on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. 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, Grab currently has a consensus rating of "Moderate Buy" and an average target price of $5.71.
Check Out Our Latest Analysis on Grab
Grab Price Performance
Shares of NASDAQ:GRAB opened at $5.09 on Monday. 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 stock's fifty day simple moving average is $4.49 and its two-hundred day simple moving average is $4.70. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The stock has a market cap of $20.50 billion, a PE ratio of -254.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86.
Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The company had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. As a group, analysts forecast that Grab Holdings Limited will post 0.05 EPS 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
Want to see what other hedge funds are holding GRAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grab Holdings Limited (NASDAQ:GRAB - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Grab, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grab wasn't on the list.
While Grab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
