Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by Lbp Am Sa

Lbp Am Sa increased its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 916,589 shares of the company’s stock after purchasing an additional 118,392 shares during the quarter. Lbp Am Sa’s holdings in Grab were worth $4,326,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in Grab by 221.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,478 shares of the company’s stock valued at $186,000 after acquiring an additional 27,184 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Grab by 21.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 296,303 shares of the company’s stock valued at $1,410,000 after acquiring an additional 51,400 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in Grab in the fourth quarter valued at $585,000. Vestcor Inc lifted its holdings in Grab by 16.6% in the fourth quarter. Vestcor Inc now owns 33,602 shares of the company’s stock valued at $159,000 after acquiring an additional 4,776 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Grab by 939.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,543,015 shares of the company’s stock valued at $35,603,000 after acquiring an additional 6,817,452 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Up 3.3 %

GRAB opened at $4.40 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of -220.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The business has a 50-day moving average of $4.67 and a two-hundred day moving average of $4.43. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. On average, research analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on GRAB. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target for the company in a research report on Friday, February 21st. Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Finally, China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 price target for the company. in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Grab presently has a consensus rating of “Moderate Buy” and an average price target of $5.62.

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.