D. E. Shaw & Co. Inc. Grows Position in Grab Holdings Limited (NASDAQ:GRAB)

D. E. Shaw & Co. Inc. lifted its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 176,919.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,891,669 shares of the company's stock after purchasing an additional 19,880,432 shares during the period. D. E. Shaw & Co. Inc. owned about 0.49% of Grab worth $93,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of GRAB. FNY Investment Advisers LLC grew its position 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. Leibman Financial Services Inc. purchased a new stake in shares of Grab during the fourth quarter worth $937,000. Assenagon Asset Management S.A. lifted its stake in shares of Grab by 109.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company's stock worth $79,989,000 after buying an additional 8,868,071 shares in the last quarter. Perpetual Ltd acquired a new position in Grab during the fourth quarter worth about $213,177,000. Finally, Traynor Capital Management Inc. grew its stake in Grab by 47.7% during the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company's stock valued at $75,000 after acquiring an additional 5,100 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Up 3.0%

GRAB stock traded up $0.15 during mid-day trading on Wednesday, reaching $5.18. The company had a trading volume of 34,735,630 shares, compared to its average volume of 30,651,492. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of -259.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. 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 fifty day simple moving average of $4.45 and a 200 day simple moving average of $4.68.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Benchmark reiterated a "buy" rating and issued a $6.00 target price on shares of Grab in a report on Thursday, February 20th. CLSA upgraded Grab to a "moderate buy" rating in a report on Wednesday, April 9th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and lowered their price target for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, Barclays increased their target price on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.60.

About Grab

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.