MetLife Investment Management LLC lifted its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 28.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 252,000 shares of the company's stock after acquiring an additional 55,900 shares during the period. MetLife Investment Management LLC's holdings in Grab were worth $1,189,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Hanwha Asset Management Co. Ltd. acquired a new stake in Grab during the fourth quarter worth about $227,718,000. Perpetual Ltd acquired a new stake in shares of Grab during the 4th quarter worth approximately $213,177,000. Arrowstreet Capital Limited Partnership increased its stake in Grab by 5,066.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock valued at $160,075,000 after acquiring an additional 33,257,610 shares during the last quarter. Norges Bank bought a new position in Grab in the fourth quarter valued at approximately $145,927,000. Finally, Assenagon Asset Management S.A. raised its position in Grab by 109.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company's stock valued at $79,989,000 after purchasing an additional 8,868,071 shares in the last quarter. 55.52% of the stock is owned by institutional investors.
Grab Trading Up 1.2 %
Shares of GRAB stock traded up $0.06 on Wednesday, hitting $4.90. The company had a trading volume of 8,958,515 shares, compared to its average volume of 30,337,587. The stock's 50-day moving average is $4.43 and its two-hundred day moving average is $4.65. 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 $19.72 billion, a P/E ratio of -245.25, a P/E/G ratio of 2.26 and a beta of 0.86. 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 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. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The company had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. On average, equities research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on GRAB. CLSA upgraded Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays increased their target price on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Citigroup restated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Finally, Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.60.
View Our Latest Report on GRAB
About Grab
(
Free Report)
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.
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