Plato Investment Management Ltd Takes $104,000 Position in Grab Holdings Limited $GRAB

Plato Investment Management Ltd bought a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,831 shares of the company’s stock, valued at approximately $104,000.

Several other hedge funds have also modified their holdings of the stock. Nuveen LLC purchased a new stake in Grab during the first quarter valued at about $85,143,000. PointState Capital LP lifted its position in shares of Grab by 50.6% in the 1st quarter. PointState Capital LP now owns 35,148,819 shares of the company’s stock valued at $159,224,000 after acquiring an additional 11,804,514 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Grab by 70.0% in the 2nd quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company’s stock valued at $106,386,000 after acquiring an additional 8,707,738 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Grab by 19.0% in the first quarter. JPMorgan Chase & Co. now owns 50,027,575 shares of the company’s stock valued at $226,625,000 after purchasing an additional 7,998,293 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Grab by 13.6% in the first quarter. Invesco Ltd. now owns 57,114,603 shares of the company’s stock valued at $258,729,000 after purchasing an additional 6,820,675 shares in the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. HSBC restated a “hold” rating and issued a $6.20 target price on shares of Grab in a report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Finally, Hsbc Global Res downgraded shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.06.

Grab Price Performance

Shares of GRAB opened at $6.07 on Tuesday. The firm has a market cap of $24.44 billion, a PE ratio of 151.79 and a beta of 0.88. The firm’s 50 day moving average price is $5.80 and its 200 day moving average price is $5.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62.

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.