Park Avenue Securities LLC acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 354,959 shares of the company's stock, valued at approximately $1,608,000.
Several other institutional investors and hedge funds also recently modified their holdings of GRAB. Udine Wealth Management Inc. acquired a new position in Grab during the first quarter worth approximately $1,067,000. SeaCrest Wealth Management LLC acquired a new position in Grab in the 1st quarter valued at approximately $118,000. Intellectus Partners LLC acquired a new position in shares of Grab in the first quarter worth approximately $632,000. Leibman Financial Services Inc. boosted its position in Grab by 1.7% during the first quarter. Leibman Financial Services Inc. now owns 201,858 shares of the company's stock valued at $914,000 after acquiring an additional 3,331 shares during the last quarter. Finally, Fulton Bank N.A. acquired a new stake in shares of Grab during the 1st quarter worth approximately $84,000. 55.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on GRAB shares. Benchmark reissued a "buy" rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. CLSA upgraded shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Barclays lifted their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.71.
Get Our Latest Stock Analysis on GRAB
Grab Stock Down 3.0%
Shares of GRAB traded down $0.14 during mid-day trading on Thursday, reaching $4.59. The company's stock had a trading volume of 21,201,503 shares, compared to its average volume of 31,406,106. The stock has a market cap of $18.48 billion, a PE ratio of -229.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month 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. The company's 50 day moving average is $4.65 and its 200 day moving average is $4.73.
Grab Company Profile
(
Free Report)
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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