Baader Bank Aktiengesellschaft Has $1.49 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Baader Bank Aktiengesellschaft grew its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 764.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,000 shares of the company's stock after buying an additional 278,563 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Grab were worth $1,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Grab by 168.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 221,135 shares of the company's stock valued at $785,000 after buying an additional 138,620 shares in the last quarter. APG Asset Management N.V. increased its position in Grab by 533.9% during the second quarter. APG Asset Management N.V. now owns 193,174 shares of the company's stock worth $640,000 after purchasing an additional 162,700 shares during the last quarter. MBB Public Markets I LLC purchased a new position in shares of Grab in the 2nd quarter worth about $539,000. The Manufacturers Life Insurance Company increased its position in shares of Grab by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,386,008 shares of the company's stock worth $19,120,000 after acquiring an additional 129,604 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Grab in the second quarter valued at about $314,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GRAB. Hsbc Global Res lowered shares of Grab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 5th. HSBC downgraded shares of Grab from a "buy" rating to a "hold" rating and boosted their target price for the stock from $4.25 to $5.50 in a research report on Thursday, December 5th. China Renaissance downgraded shares of Grab from a "buy" rating to a "hold" rating and set a $5.40 price objective for the company. in a research report on Thursday, November 21st. Mizuho lifted their target price on Grab from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.55.

Grab Price Performance

Shares of GRAB traded down $0.06 during mid-day trading on Friday, hitting $4.58. 25,990,678 shares of the company's stock were exchanged, compared to its average volume of 21,653,804. The firm has a fifty day moving average of $4.86 and a two-hundred day moving average of $4.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The company had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same period last year, the company earned ($0.02) earnings per share. On average, research analysts predict that Grab Holdings Limited will post -0.02 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.