Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 15.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,268,633 shares of the company's stock after selling 419,004 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Grab worth $7,427,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Deutsche Bank AG grew its holdings in shares of Grab by 2.4% during the third quarter. Deutsche Bank AG now owns 2,964,633 shares of the company's stock worth $10,495,000 after purchasing an additional 69,792 shares in the last quarter. FMR LLC grew its holdings in shares of Grab by 2,898.6% during the third quarter. FMR LLC now owns 4,581,183 shares of the company's stock worth $16,217,000 after purchasing an additional 4,428,407 shares in the last quarter. Compagnie Lombard Odier SCmA grew its holdings in shares of Grab by 33.8% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,206,523 shares of the company's stock worth $7,811,000 after purchasing an additional 557,288 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Grab by 0.6% during the third 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. Finally, Kinetic Partners Management LP purchased a new position in shares of Grab during the third quarter worth about $23,176,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on GRAB. HSBC reiterated a "buy" rating and set a $4.30 price target on shares of Grab in a research report on Thursday, April 4th. Barclays reduced their price target on shares of Grab from $4.50 to $4.30 and set an "overweight" rating on the stock in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. upgraded shares of Grab from a "neutral" rating to an "overweight" rating and increased their price target for the company from $3.60 to $3.80 in a research report on Thursday, January 18th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $5.10.

Grab Trading Down 1.8 %

Shares of NASDAQ:GRAB traded down $0.06 during trading on Friday, reaching $3.33. 22,260,084 shares of the company traded hands, compared to its average volume of 26,137,180. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of -33.30 and a beta of 0.91. Grab Holdings Limited has a 52-week low of $2.67 and a 52-week high of $3.92. The company has a current ratio of 3.90, a quick ratio of 3.87 and a debt-to-equity ratio of 0.10. The business's fifty day moving average is $3.24 and its 200-day moving average is $3.23.

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

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.