PointState Capital LP grew its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 234.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,344,305 shares of the company's stock after purchasing an additional 16,372,806 shares during the period. Grab comprises approximately 2.0% of PointState Capital LP's investment portfolio, making the stock its 16th biggest holding. PointState Capital LP owned approximately 0.58% of Grab worth $110,185,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Tree Management LP acquired a new stake in shares of Grab in the fourth quarter valued at approximately $25,000. Campbell Capital Management Inc. acquired a new stake in shares of Grab in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC acquired a new stake in shares of Grab in the fourth quarter valued at approximately $30,000. TD Private Client Wealth LLC raised its holdings in shares of Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Allianz SE acquired a new position in Grab during the fourth quarter worth $44,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GRAB. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Citigroup reaffirmed a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Finally, Benchmark reaffirmed a "buy" rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.60.
Get Our Latest Stock Report on Grab
Grab Stock Up 4.4%
Shares of NASDAQ GRAB opened at $5.25 on Thursday. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The company has a market cap of $21.14 billion, a price-to-earnings ratio of -262.50, a PEG ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The stock has a 50-day moving average price of $4.46 and a two-hundred day moving average price of $4.68.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (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 company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. As a group, analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.
Grab Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding GRAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grab Holdings Limited (NASDAQ:GRAB - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Grab, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grab wasn't on the list.
While Grab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
