J. Goldman & Co LP Trims Holdings in Grab Holdings Limited (NASDAQ:GRAB)

J. Goldman & Co LP decreased its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 68.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 571,500 shares of the company’s stock after selling 1,263,000 shares during the quarter. J. Goldman & Co LP’s holdings in Grab were worth $2,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GRAB. Twin Tree Management LP purchased a new stake in Grab in the 4th quarter valued at $25,000. Global Retirement Partners LLC purchased a new stake in Grab in the 4th quarter valued at $30,000. Campbell Capital Management Inc. purchased a new stake in Grab in the 4th quarter valued at $30,000. TD Private Client Wealth LLC raised its position in Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Allianz SE purchased a new stake in Grab in the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

GRAB has been the subject of a number of analyst reports. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and cut their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on shares of Grab from $5.60 to $5.30 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Benchmark restated a “buy” rating and set a $6.00 price objective 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.60.

Grab Stock Performance

Shares of GRAB opened at $4.90 on Monday. The company has a 50-day simple moving average of $4.43 and a 200-day simple moving average of $4.67. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $19.73 billion, a PE ratio of -245.00, a P/E/G ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72.

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