Grab Holdings Limited (NASDAQ:GRAB) Holdings Raised by Mariner LLC

Mariner LLC boosted its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,509 shares of the company's stock after purchasing an additional 68,836 shares during the period. Mariner LLC's holdings in Grab were worth $1,031,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keystone Financial Group purchased a new position in shares of Grab during the 4th quarter valued at approximately $72,000. Qtron Investments LLC bought a new position in Grab during the 4th quarter valued at $369,000. Scotia Capital Inc. bought a new position in Grab during the 4th quarter valued at $104,000. DRW Securities LLC acquired a new position in Grab during the 4th quarter worth $131,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Grab in the 4th quarter worth about $1,165,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Price Performance

NASDAQ GRAB traded up $0.13 on Friday, reaching $4.90. 13,084,619 shares of the stock traded hands, compared to its average volume of 30,221,730. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The company has a market cap of $19.71 billion, a price-to-earnings ratio of -243.75, a P/E/G ratio of 2.26 and a beta of 0.88. The firm's fifty day simple moving average is $4.42 and its 200 day simple moving average is $4.62. 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 (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. As a group, research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on GRAB shares. HSBC upgraded Grab from a "hold" rating to a "buy" rating and decreased their price target for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Citigroup reaffirmed a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Benchmark reissued a "buy" rating and issued a $6.00 target price on shares of Grab in a report on Thursday, February 20th. Barclays upped their target price on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.