PDT Partners LLC Buys New Shares in Grab Holdings Limited (NASDAQ:GRAB)

PDT Partners LLC purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 507,959 shares of the company’s stock, valued at approximately $2,398,000.

A number of other large investors have also recently bought and sold shares of the business. Twin Tree Management LP bought a new stake in shares of Grab during the 4th quarter valued at about $25,000. Campbell Capital Management Inc. acquired a new position in Grab in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC bought a new position in shares of Grab during the 4th quarter worth approximately $30,000. TD Private Client Wealth LLC grew its position in shares of Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after buying an additional 7,890 shares during the period. Finally, Allianz SE bought a new stake in shares of Grab in the 4th quarter valued at $44,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays increased their target price on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. HSBC upgraded Grab from a “hold” rating to a “buy” rating and cut their price target for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, CLSA upgraded Grab to a “moderate buy” rating in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Grab presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.60.

Grab Stock Up 0.6 %

Grab stock opened at $4.79 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The stock has a market cap of $19.29 billion, a PE ratio of -239.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The firm’s 50-day simple moving average is $4.42 and its 200 day simple moving average is $4.61.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS 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 company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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.