Swiss National Bank Raises Position in Grab Holdings Limited (NASDAQ:GRAB)

Swiss National Bank raised its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,441,200 shares of the company's stock after purchasing an additional 607,100 shares during the quarter. Swiss National Bank owned 0.16% of Grab worth $29,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Garde Capital Inc. purchased a new stake in shares of Grab in the first quarter worth approximately $29,000. Proficio Capital Partners LLC bought a new position in shares of Grab during the 1st quarter worth approximately $45,000. J2 Capital Management Inc bought a new position in shares of Grab during the 1st quarter worth approximately $45,000. Perigon Wealth Management LLC bought a new position in shares of Grab during the 1st quarter worth approximately $48,000. Finally, Intelligence Driven Advisers LLC bought a new position in shares of Grab during the 1st quarter worth approximately $48,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Trading Up 3.5%

NASDAQ:GRAB opened at $4.99 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $20.09 billion, a PE ratio of 124.78 and a beta of 0.84. The firm's 50 day moving average is $4.95 and its 200 day moving average is $4.75. Grab Holdings Limited has a 12 month low of $3.08 and a 12 month high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The company had revenue of $819.00 million for the quarter, compared to analysts' expectations of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. Sell-side analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Grab has a consensus rating of "Moderate Buy" and a consensus price target of $5.82.

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.

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