Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. raised its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 447.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,370 shares of the company's stock after acquiring an additional 86,134 shares during the quarter. Graham Capital Management L.P.'s holdings in Grab were worth $497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. increased its holdings in Grab by 109.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company's stock valued at $79,989,000 after acquiring an additional 8,868,071 shares during the last quarter. Perpetual Ltd purchased a new position in Grab during the 4th quarter valued at $213,177,000. Traynor Capital Management Inc. boosted its position in Grab by 47.7% in the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company's stock valued at $75,000 after buying an additional 5,100 shares during the period. Mutual Advisors LLC purchased a new stake in Grab in the 4th quarter valued at about $115,000. Finally, Affinity Wealth Management LLC boosted its position in Grab by 4.1% in the 4th quarter. Affinity Wealth Management LLC now owns 1,040,009 shares of the company's stock valued at $4,909,000 after buying an additional 40,533 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on GRAB shares. Citigroup reissued a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Benchmark reaffirmed a "buy" rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and cut their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Barclays lifted their price target on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, CLSA upgraded Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.71.

Grab Stock Down 0.2%

NASDAQ:GRAB traded down $0.01 during midday trading on Monday, reaching $5.08. 23,536,987 shares of the stock traded hands, compared to its average volume of 30,636,113. 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 business has a 50-day moving average of $4.49 and a two-hundred day moving average of $4.70. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The stock has a market capitalization of $20.46 billion, a PE ratio of -254.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86.

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

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.