Tidal Investments LLC Raises Position in Grab Holdings Limited (NASDAQ:GRAB)

Tidal Investments LLC raised its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 562,755 shares of the company's stock after acquiring an additional 117,652 shares during the period. Tidal Investments LLC's holdings in Grab were worth $2,656,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GRAB. Baillie Gifford & Co. raised its position in shares of Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after buying an additional 4,259,537 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Grab by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company's stock valued at $22,220,000 after buying an additional 134,243 shares in the last quarter. Baader Bank Aktiengesellschaft raised its position in shares of Grab by 764.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company's stock valued at $1,487,000 after buying an additional 278,563 shares in the last quarter. Matthews International Capital Management LLC raised its position in shares of Grab by 34.4% in the fourth quarter. Matthews International Capital Management LLC now owns 4,874,167 shares of the company's stock valued at $23,006,000 after buying an additional 1,247,339 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Grab by 570.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 13,234 shares of the company's stock valued at $63,000 after buying an additional 11,259 shares in the last quarter. Institutional investors own 55.52% of the company's stock.

Grab Trading Up 0.9%

Shares of Grab stock traded up $0.05 on Tuesday, hitting $5.00. 10,891,302 shares of the company's stock traded hands, compared to its average volume of 30,583,457. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The company has a fifty day moving average of $4.55 and a two-hundred day moving average of $4.73. The company has a market capitalization of $20.11 billion, a price-to-earnings ratio of -250.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. As a group, sell-side analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

GRAB has been the subject of a number of analyst reports. CLSA upgraded shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Benchmark reiterated a "buy" rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Citigroup restated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Finally, HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and lowered their price objective for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5.71.

About Grab

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.