235,457 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by Udine Wealth Management Inc.

Udine Wealth Management Inc. bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 235,457 shares of the company's stock, valued at approximately $1,067,000. Grab comprises approximately 0.7% of Udine Wealth Management Inc.'s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Uber Technologies Inc acquired a new stake in Grab during the 4th quarter worth $2,529,462,000. Toyota Motor Corp acquired a new stake in Grab during the 4th quarter worth $1,052,117,000. Hanwha Asset Management Co. Ltd. acquired a new stake in Grab during the 4th quarter worth $227,718,000. Baillie Gifford & Co. boosted its stake in Grab by 10.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock worth $221,942,000 after purchasing an additional 4,259,537 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Grab by 5,066.0% during the 4th 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 last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GRAB. Barclays boosted their price target on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lowered their price target 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. Finally, Benchmark reissued a "buy" rating and set a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Grab presently has an average rating of "Moderate Buy" and an average target price of $5.71.

Grab Stock Up 2.2%

Grab stock traded up $0.11 during mid-day trading on Friday, hitting $5.17. The company had a trading volume of 33,124,620 shares, compared to its average volume of 30,828,086. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of -258.50, a PEG ratio of 2.26 and a beta of 0.84. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The business has a fifty day moving average of $4.62 and a 200 day moving average of $4.73. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

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.