Grab Holdings Limited (NASDAQ:GRAB) is Kaizen Capital Partners Ltd's 4th Largest Position

Kaizen Capital Partners Ltd lessened its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 96.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 462,578 shares of the company's stock after selling 11,937,583 shares during the period. Grab makes up 2.4% of Kaizen Capital Partners Ltd's portfolio, making the stock its 4th biggest position. Kaizen Capital Partners Ltd's holdings in Grab were worth $1,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GRAB. Optas LLC bought a new stake in shares of Grab in the fourth quarter valued at about $36,000. Meridian Wealth Partners LLC acquired a new position in Grab during the 4th quarter worth approximately $36,000. Jump Financial LLC bought a new position in shares of Grab during the 3rd quarter worth approximately $41,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Grab in the third quarter valued at approximately $51,000. Finally, Cerity Partners LLC bought a new stake in shares of Grab in the fourth quarter worth $58,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays decreased their target price on shares of Grab from $4.50 to $4.30 and set an "overweight" rating for the company in a research report on Monday, February 5th. Benchmark reaffirmed a "buy" rating and issued a $6.00 target price on shares of Grab in a research report on Monday, May 6th. HSBC reissued a "buy" rating and set a $4.30 price target on shares of Grab in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upgraded Grab from a "neutral" rating to an "overweight" rating and raised their price target for the company from $3.60 to $3.80 in a research note on Thursday, January 18th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Grab presently has an average rating of "Buy" and an average target price of $5.10.

Grab Stock Performance

Shares of GRAB stock traded up $0.04 on Wednesday, reaching $3.60. The stock had a trading volume of 23,586,908 shares, compared to its average volume of 23,592,477. Grab Holdings Limited has a 12 month low of $2.67 and a 12 month high of $3.92. The company has a quick ratio of 3.87, a current ratio of 3.90 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of -36.00 and a beta of 0.81. The firm's 50-day moving average is $3.32 and its two-hundred day moving average is $3.24.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. The firm had revenue of $653.00 million for 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 revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, research analysts expect that Grab Holdings Limited will post 0.01 EPS for the current fiscal 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.