Two Sigma Securities LLC boosted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 146.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,034 shares of the company's stock after purchasing an additional 104,617 shares during the period. Two Sigma Securities LLC's holdings in Grab were worth $831,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. 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 valued at $135,000 after purchasing an additional 3,500 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of 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 buying an additional 3,500 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of 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 lifted its stake in shares of 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 acquiring an additional 4,412 shares during the last quarter. Finally, Vestcor Inc grew its position in Grab by 16.6% during the 4th quarter. Vestcor Inc now owns 33,602 shares of the company's stock worth $159,000 after acquiring an additional 4,776 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GRAB. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Benchmark restated a "buy" rating and issued a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Citigroup reiterated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Finally, CLSA upgraded shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5.60.
Read Our Latest Research Report on GRAB
Grab Stock Performance
Shares of NASDAQ GRAB traded down $0.06 during midday trading on Thursday, hitting $4.83. The company's stock had a trading volume of 12,354,919 shares, compared to its average volume of 30,162,112. The stock has a fifty day moving average price of $4.42 and a 200 day moving average price of $4.61. The firm has a market capitalization of $19.43 billion, a price-to-earnings ratio of -241.25, a P/E/G ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. 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 (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. On average, research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.
Grab Company Profile
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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.
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