Voya Investment Management LLC Boosts Position in Grab Holdings Limited (NASDAQ:GRAB)

Voya Investment Management LLC increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 17.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 415,844 shares of the company's stock after acquiring an additional 62,628 shares during the period. Voya Investment Management LLC's holdings in Grab were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in shares of Grab in the fourth quarter worth $55,000. Price T Rowe Associates Inc. MD increased its stake in Grab by 30.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 687,503 shares of the company's stock worth $3,246,000 after acquiring an additional 159,173 shares during the last quarter. Quantessence Capital LLC purchased a new stake in shares of Grab in the 4th quarter valued at about $1,092,000. Slate Path Capital LP bought a new stake in shares of Grab during the 4th quarter valued at about $28,079,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Grab by 40.1% during the fourth quarter. Hsbc Holdings PLC now owns 6,435,978 shares of the company's stock worth $30,394,000 after purchasing an additional 1,841,879 shares in the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GRAB has been the subject of a number of research reports. Citigroup reissued a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. CLSA upgraded Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Benchmark reissued a "buy" rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Finally, Barclays upped their target price on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Grab has a consensus rating of "Moderate Buy" and an average price target of $5.60.

Grab Stock Down 0.4 %

Grab stock traded down $0.02 during mid-day trading on Tuesday, hitting $4.84. The company had a trading volume of 24,875,579 shares, compared to its average volume of 30,409,813. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month 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. The stock's 50 day moving average price is $4.43 and its two-hundred day moving average price is $4.65. The company has a market capitalization of $19.49 billion, a PE ratio of -242.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting 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. As a group, sell-side 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.