234,000 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by Ostrum Asset Management

Ostrum Asset Management bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 234,000 shares of the company's stock, valued at approximately $1,104,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC grew its stake in Grab by 13.9% during the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock worth $135,000 after buying an additional 3,500 shares during the period. Wedbush Securities Inc. boosted its position in Grab by 19.1% during the 4th quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock worth $103,000 after purchasing an additional 3,500 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Grab by 40.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock valued at $69,000 after purchasing an additional 4,250 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Grab by 1.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock worth $1,658,000 after purchasing an additional 4,412 shares in the last quarter. Finally, Vestcor Inc boosted its position in shares of Grab by 16.6% in the fourth quarter. Vestcor Inc now owns 33,602 shares of the company's stock worth $159,000 after buying an additional 4,776 shares during the period. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Performance

Shares of GRAB stock traded up $0.10 on Friday, hitting $4.78. 37,668,481 shares of the stock traded hands, compared to its average volume of 30,008,311. The company's fifty day moving average is $4.43 and its 200 day moving average is $4.58. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a market capitalization of $19.25 billion, a PE ratio of -239.00, a PEG ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

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. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The company had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. On average, equities research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on GRAB. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Bank of America upgraded shares of Grab from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and decreased their target price for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Benchmark reiterated a "buy" rating and issued a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Finally, Barclays upped their price objective on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Grab presently has an average rating of "Moderate Buy" and an average target price of $5.60.

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.