Penserra Capital Management LLC cut its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,233,322 shares of the company's stock after selling 72,545 shares during the quarter. Penserra Capital Management LLC's holdings in Grab were worth $5,586,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in GRAB. Twin Tree Management LP acquired a new stake in shares of Grab in the fourth quarter valued at approximately $25,000. Campbell Capital Management Inc. purchased a new stake in Grab in the 4th quarter valued at $30,000. Garde Capital Inc. purchased a new stake in Grab in the 1st quarter valued at $29,000. TD Private Client Wealth LLC boosted its stake in Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after purchasing an additional 7,890 shares during the period. Finally, Allianz SE purchased a new position in Grab during the 4th quarter worth $44,000. 55.52% of the stock is owned by institutional investors and hedge funds.
Grab Trading Up 2.1%
Shares of NASDAQ:GRAB traded up $0.10 during trading on Monday, reaching $4.97. The stock had a trading volume of 32,785,848 shares, compared to its average volume of 32,976,478. The company has a quick ratio of 2.46, a current ratio of 2.49 and a debt-to-equity ratio of 0.04. The stock has a market cap of $20.01 billion, a P/E ratio of 248.62 and a beta of 0.84. The business has a fifty day moving average price of $4.87 and a 200-day moving average price of $4.67. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72.
Analyst Ratings Changes
GRAB has been the subject of a number of research reports. CLSA raised shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $5.71.
Check Out Our Latest Stock Report on GRAB
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.
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