SG Americas Securities LLC Has $1.03 Million Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

SG Americas Securities LLC grew its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 98.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,950 shares of the company's stock after purchasing an additional 113,373 shares during the quarter. SG Americas Securities LLC's holdings in Grab were worth $1,033,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Twin Tree Management LP bought a new position in shares of Grab in the fourth quarter valued at approximately $25,000. Campbell Capital Management Inc. bought a new position in shares of Grab in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC bought a new position in shares of Grab in the fourth quarter valued at approximately $30,000. TD Private Client Wealth LLC raised its position in shares of Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after purchasing an additional 7,890 shares during the period. Finally, Allianz SE bought a new position in shares of Grab in the fourth quarter valued at approximately $44,000. Institutional investors own 55.52% of the company's stock.

Grab Stock Performance

GRAB traded down $0.17 during trading on Friday, reaching $4.49. 45,253,271 shares of the company's stock were exchanged, compared to its average volume of 32,093,413. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The company has a quick ratio of 2.46, a current ratio of 2.49 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $4.75 and a 200 day moving average price of $4.70. The company has a market capitalization of $18.08 billion, a P/E ratio of 224.61 and a beta of 0.84.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. CLSA upgraded shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Grab 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.