USS Investment Management Ltd Acquires Shares of 659,368 Grab Holdings Limited (NASDAQ:GRAB)

USS Investment Management Ltd bought a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 659,368 shares of the company's stock, valued at approximately $3,109,000.

Other large investors also recently made changes to their positions in the company. Twin Tree Management LP bought a new stake in shares of Grab in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new position in Grab in the fourth quarter worth $30,000. Campbell Capital Management Inc. bought a new position in Grab in the fourth quarter worth $30,000. TD Private Client Wealth LLC lifted its position in Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after purchasing an additional 7,890 shares during the period. Finally, Allianz SE bought a new position in Grab in the fourth quarter worth $44,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GRAB shares. Citigroup reiterated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Barclays lifted their price objective on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. Benchmark reiterated a "buy" rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, CLSA upgraded Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Two investment 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $5.71.

Grab Stock Performance

GRAB traded down $0.09 during trading hours on Thursday, reaching $4.89. The company's stock had a trading volume of 8,953,979 shares, compared to its average volume of 30,594,630. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The company's 50-day moving average is $4.57 and its 200-day moving average is $4.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm has a market cap of $19.67 billion, a PE ratio of -243.60, 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 data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. On average, equities analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

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.