Principal Financial Group Inc. boosted its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,197,665 shares of the company's stock after acquiring an additional 189,398 shares during the period. Principal Financial Group Inc. owned about 0.15% of Grab worth $28,075,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Uber Technologies Inc acquired a new position in Grab in the 4th quarter valued at about $2,529,462,000. Toyota Motor Corp acquired a new position in Grab in the 4th quarter valued at $1,052,117,000. Hanwha Asset Management Co. Ltd. purchased a new position in Grab during the 4th quarter worth $227,718,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Grab by 5,066.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock valued at $160,075,000 after acquiring an additional 33,257,610 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Grab during the fourth quarter worth about $145,927,000. Institutional investors and hedge funds own 55.52% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. CLSA raised Grab to a "moderate buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $5.71.
View Our Latest Report on Grab
Grab Price Performance
GRAB stock traded up $0.08 on Friday, reaching $5.00. The company had a trading volume of 36,652,049 shares, compared to its average volume of 33,509,883. The company's fifty day moving average is $4.88 and its 200 day moving average is $4.67. The company has a market cap of $20.14 billion, a P/E ratio of 250.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.49. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72.
Grab Profile
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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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