Two Sigma Advisers LP Invests $41.67 Million in Grab Holdings Limited (NASDAQ:GRAB)

Two Sigma Advisers LP acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,828,100 shares of the company's stock, valued at approximately $41,669,000. Two Sigma Advisers LP owned about 0.22% of Grab at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Ellevest Inc. raised its position in shares of Grab by 3.3% during the fourth quarter. Ellevest Inc. now owns 82,793 shares of the company's stock worth $391,000 after acquiring an additional 2,636 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Grab by 19.1% during the fourth quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock worth $103,000 after acquiring an additional 3,500 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Grab by 40.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock worth $69,000 after acquiring an additional 4,250 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Grab by 1.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock worth $1,658,000 after acquiring an additional 4,412 shares during the last quarter. Finally, Vestcor Inc raised its position in shares of Grab by 16.6% during the fourth quarter. Vestcor Inc now owns 33,602 shares of the company's stock worth $159,000 after acquiring an additional 4,776 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.

Grab Trading Down 0.2%

Shares of Grab stock opened at $5.08 on Tuesday. The stock has a fifty day simple moving average of $4.51 and a 200 day simple moving average of $4.71. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a market capitalization of $20.46 billion, a P/E ratio of -254.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate 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 analysts' expectations of $762.57 million. On average, sell-side analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

GRAB has been the subject of a number of analyst reports. CLSA upgraded Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and lowered their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Barclays lifted their target price on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Finally, Citigroup reiterated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5.71.

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.

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