J. Safra Sarasin Holding AG Acquires New Position in Grab Holdings Limited (NASDAQ:GRAB)

J. Safra Sarasin Holding AG bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 50,037 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds also recently made changes to their positions in GRAB. FNY Investment Advisers LLC boosted its holdings in Grab by 13.9% in the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after purchasing an additional 3,500 shares during the period. Wedbush Securities Inc. lifted its position in shares of Grab by 19.1% in the 4th 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. boosted its holdings in shares of Grab by 40.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company’s stock valued at $69,000 after buying an additional 4,250 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings 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 buying an additional 4,412 shares during the period. Finally, Vestcor Inc grew its position in shares of Grab by 16.6% during the 4th quarter. Vestcor Inc now owns 33,602 shares of the company’s stock valued at $159,000 after buying an additional 4,776 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GRAB. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Barclays boosted their price objective on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on Grab from $5.60 to $5.30 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. HSBC upgraded Grab from a “hold” rating to a “buy” rating and cut their target price for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Finally, Benchmark restated a “buy” rating and set a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.60.

Grab Stock Up 3.3 %

GRAB stock opened at $4.38 on Thursday. The firm’s 50-day moving average is $4.45 and its two-hundred day moving average is $4.57. 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 company has a market capitalization of $17.64 billion, a price-to-earnings ratio of -219.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share 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 firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. On average, analysts forecast 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.