Heck Capital Advisors LLC Makes New Investment in Grab Holdings Limited (NASDAQ:GRAB)

Heck Capital Advisors LLC bought a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 67,934 shares of the company's stock, valued at approximately $321,000.

A number of other large investors have also modified their holdings of GRAB. Twin Tree Management LP acquired a new stake in Grab in the fourth quarter valued at approximately $25,000. Campbell Capital Management Inc. acquired a new stake in Grab during the 4th quarter valued at $30,000. Global Retirement Partners LLC purchased a new stake in Grab during the 4th quarter worth $30,000. TD Private Client Wealth LLC lifted its holdings in Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after buying an additional 7,890 shares in the last quarter. Finally, Allianz SE acquired a new position in Grab in the 4th quarter worth $44,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Performance

Shares of Grab stock traded down $0.08 on Thursday, reaching $4.89. 19,386,827 shares of the company were exchanged, compared to its average volume of 30,631,902. The firm has a market cap of $19.69 billion, a price-to-earnings ratio of -244.50, a P/E/G ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The company's 50-day moving average is $4.57 and its two-hundred day moving average is $4.74.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. As a group, research analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GRAB shares. Citigroup restated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Barclays upped their price target on shares of 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 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, Benchmark restated a "buy" rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5.71.

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.