Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 21.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 360,603 shares of the company's stock after acquiring an additional 64,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Grab were worth $1,634,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. HighTower Advisors LLC increased its position in Grab by 28.3% during the 4th quarter. HighTower Advisors LLC now owns 40,484 shares of the company's stock worth $191,000 after purchasing an additional 8,938 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Grab during the 1st quarter worth about $165,000. NewEdge Advisors LLC increased its position in Grab by 426.9% during the 4th quarter. NewEdge Advisors LLC now owns 79,447 shares of the company's stock worth $375,000 after purchasing an additional 64,370 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Grab by 669.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock worth $420,000 after purchasing an additional 80,602 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Grab by 98.9% during the 1st quarter. SG Americas Securities LLC now owns 227,950 shares of the company's stock worth $1,033,000 after purchasing an additional 113,373 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Analysts Set New Price Targets

GRAB has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped 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. CLSA upgraded Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5.82.

Grab Trading Down 1.8%

Shares of NASDAQ:GRAB traded down $0.09 during trading on Friday, reaching $4.80. 39,605,344 shares of the stock were exchanged, compared to its average volume of 37,180,781. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.49. 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 $19.33 billion, a price-to-earnings ratio of 240.12 and a beta of 0.84. The firm's 50-day moving average price is $4.96 and its 200 day moving average price is $4.73.

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.