UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $68.83 Million Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 17.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,582,517 shares of the company's stock after acquiring an additional 2,120,034 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.36% of Grab worth $68,829,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mutual Advisors LLC bought a new stake in Grab in the fourth quarter valued at about $115,000. Affinity Wealth Management LLC increased its stake in shares of Grab by 4.1% in the 4th quarter. Affinity Wealth Management LLC now owns 1,040,009 shares of the company's stock valued at $4,909,000 after acquiring an additional 40,533 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Grab in the 4th quarter valued at approximately $494,000. Blue Trust Inc. boosted its stake in Grab by 57.1% during the 4th quarter. Blue Trust Inc. now owns 15,348 shares of the company's stock worth $72,000 after acquiring an additional 5,581 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in Grab during the fourth quarter valued at approximately $262,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on GRAB shares. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and cut their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. CLSA upgraded Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Barclays boosted their price target on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup reissued 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Grab has an average rating of "Moderate Buy" and an average target price of $5.71.

Grab Price Performance

Grab stock traded down $0.05 during mid-day trading on Friday, reaching $4.85. 6,277,898 shares of the company were exchanged, compared to its average volume of 30,615,116. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The firm has a market cap of $19.51 billion, a PE ratio of -242.75, a PEG ratio of 2.26 and a beta of 0.86. The company 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 data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $764.00 million during the quarter, compared to the consensus estimate 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, equities research analysts expect that Grab Holdings Limited will post 0.05 earnings per share 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.