Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,296,293 shares of the company's stock after purchasing an additional 588,666 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.13% of Grab worth $23,992,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of GRAB. Uber Technologies Inc acquired a new stake in shares of Grab in the 4th quarter valued at approximately $2,529,462,000. Toyota Motor Corp bought a new stake in Grab during the fourth quarter worth $1,052,117,000. Hanwha Asset Management Co. Ltd. acquired a new stake in Grab in the fourth quarter valued at $227,718,000. Assenagon Asset Management S.A. grew its position in shares of Grab by 111.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock valued at $162,306,000 after acquiring an additional 18,882,118 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Grab by 5,066.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after purchasing an additional 33,257,610 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.
Grab Stock Performance
Shares of Grab stock traded down $0.01 during trading on Friday, reaching $4.90. The company's stock had a trading volume of 19,438,366 shares, compared to its average volume of 32,977,220. 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's 50-day moving average price is $4.87 and its 200-day moving average price is $4.67. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The firm has a market cap of $19.71 billion, a PE ratio of 244.87 and a beta of 0.84.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on GRAB shares. JPMorgan Chase & Co. cut their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. CLSA raised Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5.71.
View Our Latest Stock Report on GRAB
About Grab
(
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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