Handelsbanken Fonder AB Has $3.84 Million Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Handelsbanken Fonder AB cut its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 8.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 846,864 shares of the company's stock after selling 82,410 shares during the period. Handelsbanken Fonder AB's holdings in Grab were worth $3,836,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Twin Tree Management LP bought a new stake in Grab during the fourth quarter worth about $25,000. Global Retirement Partners LLC bought a new stake in Grab during the fourth quarter worth about $30,000. Campbell Capital Management Inc. bought a new stake in Grab during the fourth quarter worth about $30,000. TD Private Client Wealth LLC lifted its position in Grab by 7,238.5% during the fourth 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 bought a new stake in Grab during the fourth quarter worth about $44,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on GRAB. Benchmark reissued a "buy" rating and issued a $6.00 target price on shares of Grab in a report on Thursday, February 20th. Barclays increased their target price on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped their target price 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. Finally, CLSA raised shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $5.71.

Grab Trading Down 1.3%

NASDAQ GRAB traded down $0.06 during trading hours on Friday, reaching $4.57. The company's stock had a trading volume of 27,500,826 shares, compared to its average volume of 31,677,730. The firm has a fifty day simple moving average of $4.69 and a 200-day simple moving average of $4.72. The stock has a market cap of $18.40 billion, a P/E ratio of -228.50, a P/E/G ratio of 2.26 and a beta of 0.84. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. 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 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.