Tudor Investment Corp ET AL Boosts Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Tudor Investment Corp ET AL lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 1,552.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 462,887 shares of the company's stock after acquiring an additional 434,882 shares during the period. Tudor Investment Corp ET AL's holdings in Grab were worth $2,185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hanwha Asset Management Co. Ltd. purchased a new position in shares of Grab in the 4th quarter worth about $227,718,000. Perpetual Ltd purchased a new position in shares of Grab in the 4th quarter valued at $213,177,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Grab by 5,066.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock valued at $160,075,000 after acquiring an additional 33,257,610 shares in the last quarter. Norges Bank purchased a new stake in Grab during the 4th quarter worth $145,927,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Grab by 109.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company's stock worth $79,989,000 after purchasing an additional 8,868,071 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GRAB shares. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Citigroup reiterated a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. CLSA upgraded Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Bank of America raised shares of Grab from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, Benchmark reiterated a "buy" rating and set 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5.60.

Grab Trading Up 2.5 %

Grab stock opened at $4.89 on Friday. The firm has a 50-day moving average price of $4.43 and a two-hundred day moving average price of $4.63. The firm has a market capitalization of $19.69 billion, a price-to-earnings ratio of -244.50, a PEG ratio of 2.26 and a beta of 0.88. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72.

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, hitting analysts' consensus estimates of $0.01. The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Sell-side analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current 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.

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