257,500 Shares in Grab Holdings Limited (NASDAQ:GRAB) Purchased by Polianta Ltd

Polianta Ltd bought a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 257,500 shares of the company's stock, valued at approximately $1,166,000.

Several other institutional investors have also bought and sold shares of the stock. Baillie Gifford & Co. grew its stake in Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after buying an additional 4,259,537 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Grab by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company's stock valued at $22,220,000 after purchasing an additional 134,243 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Grab by 570.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 13,234 shares of the company's stock valued at $63,000 after purchasing an additional 11,259 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in Grab during the 4th quarter worth about $49,000. Finally, Blue Trust Inc. lifted its holdings in Grab by 98.5% during the 4th quarter. Blue Trust Inc. now owns 19,389 shares of the company's stock worth $92,000 after purchasing an additional 9,622 shares in the last quarter. Institutional investors own 55.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. CLSA upgraded shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Benchmark restated a "buy" rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Barclays upped their target price on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two investment 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 company's stock. According to MarketBeat.com, Grab presently has an average rating of "Moderate Buy" and an average target price of $5.71.

Grab Price Performance

GRAB traded down $0.06 during midday trading on Friday, hitting $4.57. 27,500,826 shares of the company traded hands, compared to its average volume of 31,697,858. The company has a market capitalization of $18.40 billion, a price-to-earnings ratio of -228.50, a PEG ratio of 2.26 and a beta of 0.84. The business has a 50 day simple moving average of $4.68 and a two-hundred day simple moving average of $4.73. 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 Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72.

Grab 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.