Sustainable Growth Advisers LP Takes Position in Grab Holdings Limited (NASDAQ:GRAB)

Sustainable Growth Advisers LP purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,361,124 shares of the company's stock, valued at approximately $6,166,000.

Several other institutional investors have also recently made changes to their positions in GRAB. HighTower Advisors LLC raised its stake in Grab by 28.3% in the 4th quarter. HighTower Advisors LLC now owns 40,484 shares of the company's stock valued at $191,000 after acquiring an additional 8,938 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Grab in the first quarter valued at $165,000. NewEdge Advisors LLC raised its position in shares of Grab by 426.9% in the fourth quarter. NewEdge Advisors LLC now owns 79,447 shares of the company's stock valued at $375,000 after purchasing an additional 64,370 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Grab by 669.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock worth $420,000 after buying an additional 80,602 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Grab by 98.9% during the 1st quarter. SG Americas Securities LLC now owns 227,950 shares of the company's stock worth $1,033,000 after buying an additional 113,373 shares during the period. Institutional investors and hedge funds own 55.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. CLSA upgraded 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, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5.82.

Grab Price Performance

Shares of NASDAQ:GRAB traded down $0.03 during trading on Thursday, reaching $5.34. 22,144,737 shares of the company traded hands, compared to its average volume of 39,101,716. The firm has a market capitalization of $21.50 billion, a PE ratio of 268.50 and a beta of 0.84. Grab Holdings Limited has a 52 week low of $2.98 and a 52 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 company's 50 day moving average is $4.93 and its two-hundred day moving average is $4.70.

Grab Company 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.