Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 19.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,521,089 shares of the company's stock after purchasing an additional 244,586 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Grab were worth $6,891,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Uber Technologies Inc purchased a new stake in shares of Grab in the 4th quarter worth $2,529,462,000. Toyota Motor Corp bought a new stake in shares of Grab in the fourth quarter valued at about $1,052,117,000. BNP Paribas Financial Markets purchased a new stake in Grab in the fourth quarter worth about $137,561,000. D. E. Shaw & Co. Inc. grew its holdings in Grab by 176,919.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,891,669 shares of the company's stock worth $93,889,000 after acquiring an additional 19,880,432 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Grab by 111.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock valued at $162,306,000 after purchasing an additional 18,882,118 shares during the period. 55.52% of the stock is owned by institutional investors.
Grab Stock Performance
Shares of GRAB traded down $0.09 during trading hours on Friday, hitting $4.80. The stock had a trading volume of 39,657,416 shares, compared to its average volume of 39,305,112. The firm has a market capitalization of $19.33 billion, a price-to-earnings ratio of 244.50 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.49. The firm has a 50-day moving average price of $4.96 and a 200 day moving average price of $4.73. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on GRAB. CLSA upgraded Grab to a "moderate buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5.82.
Check Out Our Latest Analysis on GRAB
Grab Company 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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