96,551 Shares in Grab Holdings Limited (NASDAQ:GRAB) Purchased by Keystone Investors PTE Ltd.

Key Points

• Keystone Investors PTE Ltd. acquired a new stake in Grab Holdings Limited, purchasing 96,551 shares valued at approximately $437,000 in the first quarter.
• JPMorgan Chase & Co. lowered their price target for Grab's stock from $5.60 to $5.30, maintaining an "overweight" rating, while analysts' consensus target price stands at $5.82.
• Grab's latest quarterly report revealed earnings per share of $0.01, meeting expectations, with revenue reaching $819 million, surpassing analyst estimates of $809.41 million.

Keystone Investors PTE Ltd. acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 96,551 shares of the company's stock, valued at approximately $437,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GRAB. Garde Capital Inc. purchased a new stake in Grab during the 1st quarter worth $29,000. J2 Capital Management Inc purchased a new stake in Grab during the 1st quarter worth $45,000. Proficio Capital Partners LLC purchased a new stake in Grab during the 1st quarter worth $45,000. Perigon Wealth Management LLC purchased a new stake in Grab during the 1st quarter worth $48,000. Finally, Intelligence Driven Advisers LLC purchased a new stake in Grab during the 1st quarter worth $48,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, 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 research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Grab has an average rating of "Moderate Buy" and an average price target of $5.82.

Grab Trading Down 1.4%

NASDAQ GRAB traded down $0.07 during trading on Friday, reaching $4.88. 21,945,039 shares of the stock traded hands, compared to its average volume of 40,152,480. The firm has a market cap of $19.65 billion, a price-to-earnings ratio of 122.03 and a beta of 0.84. Grab Holdings Limited has a fifty-two week low of $3.08 and a fifty-two week high of $5.72. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The stock's 50-day moving average price is $4.95 and its 200 day moving average price is $4.74.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. Analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab Company 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.