DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $8 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,695,000 shares of the company's stock after selling 205,000 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Grab were worth $8,000,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Twin Tree Management LP purchased a new stake in shares of Grab in the fourth quarter valued at about $25,000. Global Retirement Partners LLC purchased a new position in Grab during the 4th quarter valued at about $30,000. Campbell Capital Management Inc. purchased a new stake in shares of Grab in the fourth quarter valued at about $30,000. TD Private Client Wealth LLC raised its position in shares of Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Allianz SE purchased a new stake in Grab in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Price Performance

GRAB traded up $0.04 on Tuesday, reaching $5.03. The company had a trading volume of 41,361,881 shares, compared to its average volume of 30,630,004. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The company has a market capitalization of $20.26 billion, a P/E ratio of -251.50, a PEG ratio of 2.26 and a beta of 0.86. The company has a fifty day moving average of $4.44 and a 200-day moving average of $4.68. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $764.00 million for 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%. As a group, equities research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Benchmark restated a "buy" rating and issued a $6.00 target price on shares of Grab in a report on Thursday, February 20th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Barclays boosted their price target on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, CLSA upgraded shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.