Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 632.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 383,020 shares of the company's stock after buying an additional 330,735 shares during the quarter. First Trust Advisors LP's holdings in Grab were worth $1,808,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its holdings in shares of Grab by 13.9% in the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock valued at $135,000 after purchasing an additional 3,500 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Grab by 19.1% during the 4th quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock worth $103,000 after buying an additional 3,500 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Grab by 40.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock valued at $69,000 after buying an additional 4,250 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Grab by 1.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock valued at $1,658,000 after acquiring an additional 4,412 shares during the last quarter. Finally, Vestcor Inc grew its position in Grab by 16.6% in the fourth quarter. Vestcor Inc now owns 33,602 shares of the company's stock worth $159,000 after acquiring an additional 4,776 shares during the period. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Performance

NASDAQ:GRAB traded down $0.03 during trading hours on Friday, reaching $4.90. 22,230,398 shares of the company's stock were exchanged, compared to its average volume of 30,548,762. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of -245.00, a P/E/G ratio of 2.26 and a beta of 0.86. The company has a 50-day moving average of $4.43 and a 200 day moving average of $4.66.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on GRAB. CLSA raised Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Barclays lifted 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. Benchmark reaffirmed a "buy" rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Citigroup reissued a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.60.

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.