Robeco Institutional Asset Management B.V. Buys 109,614 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Robeco Institutional Asset Management B.V. boosted its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 2.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,091,967 shares of the company's stock after acquiring an additional 109,614 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.10% of Grab worth $18,537,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Uber Technologies Inc acquired a new position in Grab in the fourth quarter valued at about $2,529,462,000. Toyota Motor Corp purchased a new position in Grab in the fourth quarter valued at approximately $1,052,117,000. Hanwha Asset Management Co. Ltd. purchased a new position in shares of Grab during the fourth quarter worth approximately $227,718,000. Assenagon Asset Management S.A. grew its position in shares of Grab by 111.4% during the first quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock worth $162,306,000 after acquiring an additional 18,882,118 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Grab by 5,066.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after acquiring an additional 33,257,610 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Stock Down 2.0%

GRAB stock traded down $0.10 during mid-day trading on Tuesday, hitting $4.93. The stock had a trading volume of 30,146,789 shares, compared to its average volume of 32,705,658. The company has a current ratio of 2.49, a quick ratio of 2.46 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a fifty day moving average of $4.85 and a 200 day moving average of $4.68. The stock has a market capitalization of $19.85 billion, a price-to-earnings ratio of 246.62 and a beta of 0.84.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GRAB. JPMorgan Chase & Co. reduced their target price on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. CLSA upgraded Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $5.71.

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.