Lightspeed Management Company L.L.C. Purchases New Shares in Grab Holdings Limited (NASDAQ:GRAB)

Lightspeed Management Company L.L.C. purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,114,734 shares of the company’s stock, valued at approximately $9,982,000. Grab comprises about 2.8% of Lightspeed Management Company L.L.C.’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. raised its position in Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after purchasing an additional 4,259,537 shares during the last quarter. Leibman Financial Services Inc. purchased a new stake in Grab in the 4th quarter valued at $937,000. Sumitomo Mitsui Trust Group Inc. raised its position in Grab by 2.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock valued at $22,220,000 after purchasing an additional 134,243 shares during the last quarter. Baader Bank Aktiengesellschaft raised its position in Grab by 764.5% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company’s stock valued at $1,487,000 after purchasing an additional 278,563 shares during the last quarter. Finally, Matthews International Capital Management LLC raised its position in Grab by 34.4% in the 4th quarter. Matthews International Capital Management LLC now owns 4,874,167 shares of the company’s stock valued at $23,006,000 after purchasing an additional 1,247,339 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on GRAB. 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. Benchmark restated a “buy” rating and set a $6.00 price objective 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. Barclays upped their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Two equities research 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 an average rating of “Moderate Buy” and an average target price of $5.60.

Grab Stock Performance

NASDAQ:GRAB opened at $4.90 on Monday. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The stock has a market cap of $19.73 billion, a PE ratio of -245.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The firm’s fifty day simple moving average is $4.43 and its 200-day simple moving average is $4.67.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Analysts expect 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.