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

Grab logo with Computer and Technology background

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.

View Our Latest Stock Report on Grab

Grab 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.

See Also

Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

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