Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 221.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,439 shares of the company's stock after buying an additional 81,543 shares during the quarter. LPL Financial LLC's holdings in Grab were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GRAB. KLP Kapitalforvaltning AS purchased a new position in Grab during the 4th quarter valued at about $3,073,000. Sei Investments Co. grew its stake in shares of Grab by 12.9% in the 4th quarter. Sei Investments Co. now owns 11,135,957 shares of the company's stock worth $52,562,000 after buying an additional 1,272,284 shares during the last quarter. American Century Companies Inc. raised its stake in Grab by 37.3% during the fourth quarter. American Century Companies Inc. now owns 244,761 shares of the company's stock valued at $1,155,000 after buying an additional 66,534 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Grab in the fourth quarter worth $1,628,000. Finally, Quantbot Technologies LP bought a new position in Grab in the 4th quarter worth about $4,342,000. 55.52% of the stock is currently owned by institutional investors.

Grab Trading Up 1.9 %

Shares of Grab stock traded up $0.09 on Wednesday, reaching $4.88. The company had a trading volume of 41,683,745 shares, compared to its average volume of 30,230,666. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The firm's 50 day moving average price is $4.42 and its two-hundred day moving average price is $4.61. The firm has a market cap of $19.65 billion, a PE ratio of -244.00, a PEG ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

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, meeting the consensus estimate of $0.01. The business had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Sell-side analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GRAB shares. Bank of America upgraded shares of Grab from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. CLSA upgraded shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Citigroup reissued a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and lowered their price objective for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.