507,959 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by PDT Partners LLC

PDT Partners LLC purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 507,959 shares of the company's stock, valued at approximately $2,398,000.

Several other institutional investors have also recently added to or reduced their stakes in GRAB. Twin Tree Management LP purchased a new stake in shares of Grab in the fourth quarter valued at about $25,000. Campbell Capital Management Inc. acquired a new stake in Grab in the fourth quarter valued at about $30,000. Global Retirement Partners LLC purchased a new stake in Grab in the 4th quarter valued at approximately $30,000. TD Private Client Wealth LLC increased its position in Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after purchasing an additional 7,890 shares during the period. Finally, Allianz SE purchased a new position in shares of Grab during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GRAB shares. Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Barclays boosted their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Citigroup reaffirmed a "buy" rating on shares of Grab in a report on Tuesday, February 4th. CLSA raised Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Finally, Benchmark reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.60.

Grab Trading Up 2.5 %

GRAB stock traded up $0.12 during midday trading on Friday, hitting $4.89. The stock had a trading volume of 32,766,770 shares, compared to its average volume of 30,317,554. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The firm has a market cap of $19.69 billion, a PE ratio of -244.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company's 50-day moving average price is $4.43 and its 200 day moving average price is $4.63. 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 released its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates 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.

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.