Raiffeisen Bank International AG Invests $623,000 in Grab Holdings Limited (NASDAQ:GRAB)

Raiffeisen Bank International AG purchased a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 130,900 shares of the company’s stock, valued at approximately $623,000.

A number of other hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Grab in the 4th quarter valued at about $80,000. PointState Capital LP raised its position in shares of Grab by 234.9% during the 4th quarter. PointState Capital LP now owns 23,344,305 shares of the company’s stock valued at $110,185,000 after buying an additional 16,372,806 shares during the period. ProShare Advisors LLC acquired a new position in Grab in the fourth quarter valued at approximately $73,000. Quantinno Capital Management LP grew its position in Grab by 532.9% in the fourth quarter. Quantinno Capital Management LP now owns 181,522 shares of the company’s stock worth $857,000 after acquiring an additional 152,839 shares during the period. Finally, Man Group plc increased its stake in Grab by 443.0% during the fourth quarter. Man Group plc now owns 540,211 shares of the company’s stock worth $2,550,000 after acquiring an additional 440,720 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on GRAB. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Barclays upped their target price on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price target 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. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and reduced their price target for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.71.

Grab Trading Up 0.6%

Shares of GRAB stock opened at $5.09 on Friday. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The company has a 50 day moving average price of $4.49 and a 200 day moving average price of $4.70. The stock has a market capitalization of $20.50 billion, a P/E ratio of -254.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 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 business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Equities research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

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.