Van Berkom & Associates Inc. Decreases Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• Van Berkom & Associates Inc. reduced its stake in Grab Holdings by 25.2%, selling 47,100 shares and holding a total of 139,900 shares worth $634,000 at the end of the first quarter.
• Several institutional investors have recently increased their stakes in Grab, with notable investments including Garde Capital Inc. and Allianz SE.
• Analyst ratings for Grab vary, with CLSA upgrading it to "moderate buy" and JPMorgan reducing its price target, indicating a consensus target price of $5.82.

Van Berkom & Associates Inc. trimmed its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 25.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,900 shares of the company's stock after selling 47,100 shares during the period. Van Berkom & Associates Inc.'s holdings in Grab were worth $634,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ raised its holdings in Grab by 21.7% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 360,603 shares of the company's stock worth $1,634,000 after purchasing an additional 64,300 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Grab by 7.3% during the 1st quarter. Baillie Gifford & Co. now owns 50,443,998 shares of the company's stock worth $228,511,000 after acquiring an additional 3,422,289 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Grab by 32.7% in the 1st quarter. Pacer Advisors Inc. now owns 28,428 shares of the company's stock worth $129,000 after buying an additional 7,009 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Grab by 80.7% in the 1st quarter. Assetmark Inc. now owns 47,365 shares of the company's stock worth $215,000 after buying an additional 21,152 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Grab by 40.7% during the first quarter. Cetera Investment Advisers now owns 95,552 shares of the company's stock valued at $433,000 after purchasing an additional 27,632 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Up 0.3%

Grab stock traded up $0.02 on Wednesday, hitting $5.33. 20,023,402 shares of the stock traded hands, compared to its average volume of 36,692,125. The company has a current ratio of 2.49, a quick ratio of 2.46 and a debt-to-equity ratio of 0.04. The firm has a market cap of $21.44 billion, a P/E ratio of 266.88 and a beta of 0.84. The business's fifty day simple moving average is $4.95 and its 200 day simple moving average is $4.72. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GRAB shares. CLSA raised shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Grab presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.82.

Grab 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.