Worldquant Millennium Advisors LLC Acquires 2,012,472 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Worldquant Millennium Advisors LLC raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 1,207.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,179,111 shares of the company's stock after acquiring an additional 2,012,472 shares during the period. Worldquant Millennium Advisors LLC owned about 0.05% of Grab worth $10,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GRAB. Traynor Capital Management Inc. grew its stake in Grab by 47.7% in the fourth quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company's stock valued at $75,000 after acquiring an additional 5,100 shares during the period. Mutual Advisors LLC acquired a new position in Grab in the fourth quarter valued at about $115,000. Affinity Wealth Management LLC boosted its position in shares of Grab by 4.1% during the fourth quarter. Affinity Wealth Management LLC now owns 1,040,009 shares of the company's stock worth $4,909,000 after buying an additional 40,533 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Grab during the fourth quarter worth about $494,000. Finally, Blue Trust Inc. boosted its position in shares of Grab by 57.1% during the fourth quarter. Blue Trust Inc. now owns 15,348 shares of the company's stock worth $72,000 after buying an additional 5,581 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Down 0.2%

GRAB traded down $0.01 on Friday, hitting $4.95. 12,716,561 shares of the company were exchanged, compared to its average volume of 30,660,261. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The company has a market cap of $19.93 billion, a PE ratio of -247.50, 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 stock's fifty day moving average is $4.55 and its 200-day moving average is $4.73.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GRAB. CLSA raised Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. 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 Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, HSBC raised Grab from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two equities 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 stock. Based on data from MarketBeat.com, Grab has an average rating of "Moderate Buy" and an average price target of $5.71.

About Grab

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.