Two Sigma Investments LP Has $70.05 Million Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Two Sigma Investments LP lifted its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 1,780.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,841,645 shares of the company's stock after purchasing an additional 14,052,245 shares during the quarter. Two Sigma Investments LP owned 0.37% of Grab worth $70,053,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GRAB. Uber Technologies Inc acquired a new position in shares of Grab in the 4th quarter valued at $2,529,462,000. Hanwha Asset Management Co. Ltd. acquired a new position in Grab in the fourth quarter worth about $227,718,000. Perpetual Ltd bought a new position in Grab during the fourth quarter worth about $213,177,000. Arrowstreet Capital Limited Partnership lifted its stake in Grab by 5,066.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after purchasing an additional 33,257,610 shares during the period. Finally, Norges Bank acquired a new stake in Grab during the fourth quarter valued at approximately $145,927,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Price Performance

GRAB opened at $5.08 on Tuesday. 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's 50 day simple moving average is $4.51 and its 200-day simple moving average is $4.71. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The stock 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.

Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.01 EPS 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 company had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Sell-side analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GRAB has been the subject of several analyst reports. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. CLSA raised Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Benchmark restated a "buy" rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Barclays increased their target price on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Finally, HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and reduced their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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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