231,277 Shares in Grab Holdings Limited (NASDAQ:GRAB) Purchased by Quantessence Capital LLC

Quantessence Capital LLC bought a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 231,277 shares of the company's stock, valued at approximately $1,092,000.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of Grab by 87.9% during the third quarter. HighTower Advisors LLC now owns 31,546 shares of the company's stock worth $119,000 after buying an additional 14,759 shares during the last quarter. Tidal Investments LLC increased its position in Grab by 4,311.8% during the third quarter. Tidal Investments LLC now owns 445,103 shares of the company's stock worth $1,691,000 after acquiring an additional 435,014 shares during the period. Nordea Investment Management AB raised its stake in Grab by 15.4% during the 4th quarter. Nordea Investment Management AB now owns 17,181,844 shares of the company's stock valued at $81,356,000 after purchasing an additional 2,297,932 shares during the last quarter. FNY Investment Advisers LLC boosted its holdings in Grab by 13.9% in the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock valued at $135,000 after purchasing an additional 3,500 shares during the period. Finally, Leibman Financial Services Inc. acquired a new stake in Grab in the 4th quarter worth $937,000. Institutional investors own 55.52% of the company's stock.

Analyst Ratings Changes

GRAB has been the subject of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and upped their price target for the company from $4.90 to $5.10 in a report on Tuesday, January 7th. CLSA raised Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Barclays upped their target price on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Finally, Citigroup reiterated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.60.

Grab Price Performance

Shares of NASDAQ GRAB traded up $0.10 during midday trading on Friday, reaching $4.78. 37,668,481 shares of the company traded hands, compared to its average volume of 30,020,970. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The stock's 50-day simple moving average is $4.43 and its 200-day simple moving average is $4.59. The firm has a market cap of $19.25 billion, a PE ratio of -239.00, a PEG ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. As a group, equities analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share 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.