70,308 Shares in Grab Holdings Limited (NASDAQ:GRAB) Acquired by Numerai GP LLC

Numerai GP LLC purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 70,308 shares of the company's stock, valued at approximately $332,000.

A number of other hedge funds also recently made changes to their positions in GRAB. Uber Technologies Inc purchased a new stake in Grab during the 4th quarter worth $2,529,462,000. Hanwha Asset Management Co. Ltd. purchased a new stake in Grab during the 4th quarter worth $227,718,000. Perpetual Ltd purchased a new stake in Grab during the 4th quarter worth $213,177,000. Arrowstreet Capital Limited Partnership boosted its position in Grab by 5,066.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after purchasing an additional 33,257,610 shares during the period. Finally, Norges Bank purchased a new stake in Grab during the 4th quarter worth $145,927,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Price Performance

Shares of NASDAQ GRAB traded down $0.01 during mid-day trading on Monday, reaching $5.08. 23,536,987 shares of the company traded hands, compared to its average volume of 30,636,134. The firm has a market cap of $20.46 billion, a PE ratio of -254.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The stock has a fifty day simple moving average of $4.49 and a 200-day simple moving average of $4.70.

Grab (NASDAQ:GRAB - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The firm had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. HSBC raised shares of 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 report on Tuesday, February 4th. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Citigroup reissued a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Benchmark reissued a "buy" rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5.71.

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.