AQR Capital Management LLC trimmed its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 37.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,159,734 shares of the company's stock after selling 9,154,363 shares during the period. AQR Capital Management LLC owned 0.38% of Grab worth $71,554,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Hanwha Asset Management Co. Ltd. acquired a new position in shares of Grab during the fourth quarter worth approximately $227,718,000. Baillie Gifford & Co. boosted its position in Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after buying an additional 4,259,537 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of Grab in the 4th quarter valued at $213,177,000. Arrowstreet Capital Limited Partnership raised its position in shares of Grab by 5,066.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after acquiring an additional 33,257,610 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Grab during the fourth quarter valued at $145,927,000. 55.52% of the stock is owned by institutional investors.
Grab Stock Down 0.7 %
Shares of NASDAQ:GRAB traded down $0.04 during midday trading on Monday, reaching $4.86. The company had a trading volume of 20,731,179 shares, compared to its average volume of 30,354,231. The business's 50 day moving average price is $4.43 and its 200 day moving average price is $4.64. 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 stock has a market cap of $19.55 billion, a PE ratio of -244.00, a P/E/G ratio of 2.26 and a beta of 0.88.
Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting 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 business had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on GRAB. Citigroup restated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Barclays increased their target price on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. CLSA upgraded shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, HSBC raised shares of Grab from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5.60.
Read Our Latest Research Report on GRAB
Grab Company Profile
(
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.
Recommended Stories
Before you consider Grab, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grab wasn't on the list.
While Grab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
