Lightspeed Management Company L.L.C. Takes Position in Grab Holdings Limited (NASDAQ:GRAB)

Lightspeed Management Company L.L.C. bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,114,734 shares of the company's stock, valued at approximately $9,982,000. Grab makes up 2.8% of Lightspeed Management Company L.L.C.'s holdings, making the stock its 6th biggest position. Lightspeed Management Company L.L.C. owned about 0.05% of Grab as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Uber Technologies Inc purchased a new position in Grab during the 4th quarter valued at about $2,529,462,000. Hanwha Asset Management Co. Ltd. purchased a new stake in shares of Grab in the fourth quarter worth $227,718,000. Perpetual Ltd bought a new position in Grab in the 4th quarter worth approximately $213,177,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Grab by 5,066.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after purchasing an additional 33,257,610 shares during the last quarter. Finally, Norges Bank bought a new position in Grab during the fourth quarter valued at $145,927,000. Institutional investors own 55.52% of the company's stock.

Grab Stock Performance

Shares of NASDAQ:GRAB traded down $0.19 during midday trading on Thursday, reaching $5.06. The company's stock had a trading volume of 36,187,004 shares, compared to its average volume of 30,773,237. The firm has a market capitalization of $20.38 billion, a PE ratio of -253.00, a P/E/G ratio of 2.26 and a beta of 0.86. The stock has a fifty day moving average of $4.46 and a 200 day moving average of $4.68. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. 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 announced its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $764.00 million for the quarter, compared to analyst estimates 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 expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GRAB has been the topic of a number of analyst reports. Barclays upped 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. Citigroup reiterated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. CLSA upgraded shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Finally, Benchmark restated a "buy" rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Two investment 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. Based on data from MarketBeat, Grab has an average 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.