Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 40.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,435,978 shares of the company's stock after buying an additional 1,841,879 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of Grab worth $30,394,000 as of its most recent SEC filing.

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

Grab Stock Down 1.1 %

GRAB stock traded down $0.06 on Thursday, hitting $4.83. 10,833,758 shares of the company's stock were exchanged, compared to its average volume of 36,695,281. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The firm has a 50 day moving average price of $4.42 and a two-hundred day moving average price of $4.61. 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 stock has a market cap of $19.43 billion, a P/E ratio of -241.75, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB - Get Free Report) last announced its earnings results 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 return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. As a group, equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on GRAB shares. Barclays lifted their price objective on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Citigroup reaffirmed a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Finally, CLSA upgraded shares of 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, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5.60.

Grab Company Profile

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.