Arrowstreet Capital Limited Partnership Has $160.08 Million Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Arrowstreet Capital Limited Partnership grew its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 5,066.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,914,101 shares of the company’s stock after purchasing an additional 33,257,610 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.84% of Grab worth $160,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC raised its stake in Grab by 13.9% during the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after buying an additional 3,500 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Grab by 40.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company’s stock worth $69,000 after acquiring an additional 4,250 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Grab by 1.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company’s stock valued at $1,658,000 after purchasing an additional 4,412 shares during the period. Vestcor Inc boosted its position in shares of Grab by 16.6% during the 4th quarter. Vestcor Inc now owns 33,602 shares of the company’s stock valued at $159,000 after purchasing an additional 4,776 shares in the last quarter. Finally, Traynor Capital Management Inc. grew its stake in Grab by 47.7% during the fourth quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Trading Down 4.8 %

Shares of Grab stock opened at $4.57 on Monday. The company has a market capitalization of $18.40 billion, a P/E ratio of -228.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The stock has a fifty day simple moving average of $4.68 and a 200 day simple moving average of $4.53. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. On average, sell-side analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays boosted their price target on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective on the stock in a report on Friday, February 21st. Finally, HSBC upgraded Grab from a “hold” rating to a “buy” rating and reduced their target price for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.62.

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.