Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 41.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,263 shares of the company's stock after buying an additional 58,934 shares during the period. Mackenzie Financial Corp's holdings in Grab were worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in Grab by 2,646.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 5,028,596 shares of the company's stock valued at $23,735,000 after purchasing an additional 4,845,496 shares during the period. JT Stratford LLC purchased a new position in Grab in the fourth quarter valued at $286,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Grab by 17.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,582,517 shares of the company's stock valued at $68,829,000 after purchasing an additional 2,120,034 shares during the period. USS Investment Management Ltd purchased a new position in Grab in the fourth quarter valued at $3,109,000. Finally, Voloridge Investment Management LLC purchased a new stake in Grab during the 4th quarter worth about $41,125,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of recent analyst reports. Barclays lifted their price target on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Benchmark restated a "buy" rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. CLSA upgraded Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lowered their price target on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.71.

Grab Trading Up 0.8%

Shares of Grab stock traded up $0.04 during trading hours on Thursday, reaching $5.06. 30,348,944 shares of the company's stock were exchanged, compared to its average volume of 30,734,313. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of -253.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The company has a fifty day moving average of $4.61 and a 200-day moving average of $4.75. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

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.