Baader Bank Aktiengesellschaft reduced its position in shares of Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 7.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,887 shares of the company’s stock after selling 5,647 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Grab were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GRAB. Garde Capital Inc. bought a new stake in Grab during the 1st quarter worth about $29,000. Summit Securities Group LLC raised its holdings in Grab by 63.6% during the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock worth $37,000 after purchasing an additional 3,199 shares during the last quarter. J2 Capital Management Inc bought a new stake in Grab during the 1st quarter worth about $45,000. Proficio Capital Partners LLC bought a new stake in Grab during the 1st quarter worth about $45,000. Finally, Intelligence Driven Advisers LLC bought a new stake in Grab during the 1st quarter worth about $48,000. 55.52% of the stock is owned by institutional investors.
Grab Price Performance
Shares of GRAB opened at $6.39 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. The stock has a 50 day simple moving average of $5.24 and a 200 day simple moving average of $4.85. Grab Holdings Limited has a 52-week low of $3.36 and a 52-week high of $6.50. The firm has a market capitalization of $25.73 billion, a PE ratio of 159.79 and a beta of 0.84.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on GRAB. HSBC restated a “hold” rating and set a $6.20 target price on shares of Grab in a research report on Wednesday. Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.90.
Check Out Our Latest Report on GRAB
Grab Company 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.
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