Robeco Institutional Asset Management B.V. Has $20.33 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Robeco Institutional Asset Management B.V. lifted its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 758.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,031,759 shares of the company's stock after acquiring an additional 5,328,992 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Grab worth $20,327,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in Grab by 21,204.4% in the third quarter. Barclays PLC now owns 37,301,928 shares of the company's stock valued at $132,048,000 after acquiring an additional 37,126,838 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Grab by 94.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 22,370,805 shares of the company's stock worth $79,193,000 after buying an additional 10,869,136 shares during the period. Ward Ferry Management BVI Ltd acquired a new position in Grab in the 3rd quarter worth $56,614,000. Prudential PLC boosted its position in Grab by 5.2% in the 3rd quarter. Prudential PLC now owns 14,897,258 shares of the company's stock valued at $52,736,000 after buying an additional 732,033 shares during the last quarter. Finally, Kaizen Capital Partners Ltd grew its stake in shares of Grab by 10.2% during the third quarter. Kaizen Capital Partners Ltd now owns 12,400,161 shares of the company's stock valued at $43,897,000 after acquiring an additional 1,147,715 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GRAB shares. Deutsche Bank Aktiengesellschaft assumed coverage on Grab in a report on Friday. They issued a "buy" rating and a $4.50 price target for the company. Benchmark reissued a "buy" rating and set a $6.00 price target on shares of Grab in a research report on Thursday. Barclays reduced their price objective on shares of Grab from $4.50 to $4.30 and set an "overweight" rating on the stock in a research note on Monday, February 5th. Finally, HSBC reissued a "buy" rating and issued a $4.30 target price on shares of Grab in a research report on Thursday, April 4th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $5.01.

Grab Stock Performance

Shares of Grab stock traded up $0.07 during trading hours on Friday, reaching $3.72. The company's stock had a trading volume of 27,337,402 shares, compared to its average volume of 24,348,550. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.87 and a current ratio of 3.90. Grab Holdings Limited has a one year low of $2.67 and a one year high of $3.92. The company's 50 day simple moving average is $3.35 and its 200 day simple moving average is $3.26. The stock has a market cap of $14.59 billion, a P/E ratio of -53.14 and a beta of 0.81.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. The firm had revenue of $653.00 million during the quarter, compared to the consensus estimate of $633.82 million. Grab had a negative return on equity of 4.61% and a negative net margin of 11.86%. The firm's revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.10) EPS. As a group, analysts expect that Grab Holdings Limited will post 0.01 EPS for the current fiscal year.

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.