Price T Rowe Associates Inc. MD Has $3.25 Million Stake in Grab Holdings Limited (NASDAQ:GRAB)

Price T Rowe Associates Inc. MD lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 687,503 shares of the company's stock after buying an additional 159,173 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in Grab were worth $3,246,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have commented on GRAB shares. Barclays boosted 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. CLSA raised Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Benchmark restated a "buy" rating and issued a $6.00 price target on shares of Grab in a research note on Thursday, February 20th. Finally, HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Grab currently has a consensus rating of "Moderate Buy" and an average target price of $5.60.

Grab Trading Down 0.6 %

NASDAQ:GRAB traded down $0.03 on Friday, reaching $4.90. 22,230,398 shares of the stock traded hands, compared to its average volume of 30,512,493. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company's 50 day moving average is $4.43 and its 200-day moving average is $4.66. The firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of -245.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86.

Grab (NASDAQ:GRAB - Get Free Report) last announced 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 business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Grab 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.