Intellectus Partners LLC Buys Shares of 139,550 Grab Holdings Limited (NASDAQ:GRAB)

Intellectus Partners LLC purchased a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 139,550 shares of the company's stock, valued at approximately $632,000.

Other hedge funds have also recently made changes to their positions in the company. Ellevest Inc. raised its stake in Grab by 3.3% during the fourth quarter. Ellevest Inc. now owns 82,793 shares of the company's stock valued at $391,000 after buying an additional 2,636 shares during the last quarter. Leibman Financial Services Inc. raised its position in shares of Grab by 1.7% in the 1st quarter. Leibman Financial Services Inc. now owns 201,858 shares of the company's stock worth $914,000 after purchasing an additional 3,331 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Grab by 19.1% in the 4th quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock worth $103,000 after purchasing an additional 3,500 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Grab by 40.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock worth $69,000 after purchasing an additional 4,250 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Grab by 1.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock valued at $1,658,000 after purchasing an additional 4,412 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. CLSA raised shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. 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. Benchmark reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Finally, Barclays increased their target price on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Grab currently has a consensus rating of "Moderate Buy" and an average price target of $5.71.

Grab Stock Performance

GRAB stock opened at $5.17 on Friday. 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 Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The company has a market cap of $20.82 billion, a P/E ratio of -258.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The stock's fifty day moving average price is $4.62 and its 200-day moving average price is $4.74.

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.

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