Grab Holdings Limited (NASDAQ:GRAB) Position Increased by Maverick Capital Ltd.

Maverick Capital Ltd. grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 25.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 552,692 shares of the company’s stock after acquiring an additional 112,107 shares during the period. Maverick Capital Ltd.’s holdings in Grab were worth $2,100,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GRAB. Allspring Global Investments Holdings LLC increased its position in shares of Grab by 18.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,243,162 shares of the company’s stock worth $76,924,000 after acquiring an additional 3,163,309 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Grab during the 3rd quarter worth approximately $2,757,000. Caz Investments LP raised its stake in Grab by 100.0% during the 3rd quarter. Caz Investments LP now owns 3,700,232 shares of the company’s stock valued at $13,598,000 after purchasing an additional 1,850,116 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Grab in the third quarter valued at $22,434,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of Grab in the third quarter worth $1,986,000. 55.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GRAB has been the topic of several recent analyst reports. Daiwa Capital Markets began coverage on Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target on the stock. Bank of America downgraded Grab from a “buy” rating to an “underperform” rating and set a $4.90 target price on the stock. in a report on Friday, November 22nd. Evercore ISI raised their price target on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective on shares of Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, Barclays lifted their target price on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.42.

Grab Stock Down 3.5 %

GRAB stock opened at $5.00 on Friday. Grab Holdings Limited has a 52-week low of $2.90 and a 52-week high of $5.72. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of -250.00 and a beta of 0.81. The company has a 50-day moving average of $4.25 and a two-hundred day moving average of $3.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The firm had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. As a group, equities research analysts anticipate that Grab Holdings Limited will post -0.03 EPS for the current year.

About Grab

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.