Two Sigma Advisers LP Acquires New Stake in Grab Holdings Limited (NASDAQ:GRAB)

Two Sigma Advisers LP purchased a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,828,100 shares of the company's stock, valued at approximately $41,669,000. Two Sigma Advisers LP owned approximately 0.22% of Grab at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Tree Management LP bought a new position in shares of Grab during the fourth quarter valued at $25,000. Global Retirement Partners LLC bought a new position in Grab in the fourth quarter valued at about $30,000. Campbell Capital Management Inc. purchased a new position in shares of Grab during the 4th quarter valued at about $30,000. TD Private Client Wealth LLC lifted its position in shares of Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after buying an additional 7,890 shares in the last quarter. Finally, Allianz SE bought a new stake in Grab during the 4th quarter valued at approximately $44,000. 55.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GRAB. CLSA raised Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and dropped their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup reiterated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Grab has a consensus rating of "Moderate Buy" and an average target price of $5.71.

Grab Stock Performance

Shares of GRAB stock traded down $0.01 during trading hours on Friday, hitting $4.95. The stock had a trading volume of 12,716,561 shares, compared to its average volume of 30,660,261. The firm has a market capitalization of $19.93 billion, a PE ratio of -247.50, a PEG ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The stock's 50 day moving average is $4.55 and its 200 day moving average is $4.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

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, meeting 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 during the quarter, compared to the consensus estimate of $762.57 million. As a group, research analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

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.