Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 276.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,006,855 shares of the company's stock after purchasing an additional 739,644 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Grab were worth $3,367,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lake Street Advisors Group LLC grew its position in shares of Grab by 0.4% in the 3rd quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company's stock worth $2,465,000 after buying an additional 2,972 shares during the last quarter. FNY Investment Advisers LLC grew its holdings in Grab by 12.9% in the third quarter. FNY Investment Advisers LLC now owns 26,200 shares of the company's stock worth $92,000 after purchasing an additional 3,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Grab by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 190,012 shares of the company's stock worth $652,000 after purchasing an additional 3,295 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Grab by 9.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company's stock valued at $148,000 after purchasing an additional 3,632 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Grab by 0.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company's stock worth $2,365,000 after purchasing an additional 4,200 shares in the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Stock Performance

Shares of NASDAQ:GRAB traded down $0.06 during trading on Friday, hitting $3.33. The stock had a trading volume of 22,260,084 shares, compared to its average volume of 26,137,180. The company has a quick ratio of 3.87, a current ratio of 3.90 and a debt-to-equity ratio of 0.10. Grab Holdings Limited has a 12-month low of $2.67 and a 12-month high of $3.92. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of -33.30 and a beta of 0.91. The stock has a 50-day simple moving average of $3.24 and a two-hundred day simple moving average of $3.23.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. The company had revenue of $653.00 million during the quarter, compared to analyst estimates of $633.82 million. Grab had a negative net margin of 18.43% and a negative return on equity of 6.77%. Grab's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) EPS. On average, equities research analysts expect that Grab Holdings Limited will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on GRAB shares. Barclays reduced their target price on Grab from $4.50 to $4.30 and set an "overweight" rating on the stock in a research report on Monday, February 5th. HSBC reaffirmed a "buy" rating and issued a $4.30 price objective on shares of Grab in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised shares of Grab from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $3.60 to $3.80 in a research report on Thursday, January 18th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Grab presently has an average rating of "Buy" and a consensus target price of $5.10.

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.