Grab Holdings Limited (NASDAQ:GRAB) Shares Acquired by Lbp Am Sa

Lbp Am Sa grew its position in Grab Holdings Limited (NASDAQ:GRAB) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 916,589 shares of the company’s stock after acquiring an additional 118,392 shares during the quarter. Lbp Am Sa’s holdings in Grab were worth $4,326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. lifted its position in Grab by 10.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock worth $221,942,000 after acquiring an additional 4,259,537 shares in the last quarter. Tidal Investments LLC lifted its position in Grab by 4,311.8% during the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company’s stock worth $1,691,000 after acquiring an additional 435,014 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Grab during the 3rd quarter worth approximately $22,434,000. Leibman Financial Services Inc. acquired a new position in Grab during the 4th quarter worth approximately $937,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Grab by 2.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock worth $22,220,000 after acquiring an additional 134,243 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on GRAB. HSBC raised Grab from a “hold” rating to a “buy” rating and reduced their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Citigroup reaffirmed a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Barclays upped their target price on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Finally, Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. Two 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 stock. According to MarketBeat, Grab presently has an average rating of “Moderate Buy” and an average price target of $5.62.

Grab Price Performance

Shares of GRAB opened at $4.40 on Friday. The company has a market cap of $17.72 billion, a P/E ratio of -220.00, a PEG ratio of 2.26 and a beta of 0.88. The stock has a fifty day moving average price of $4.67 and a 200 day moving average price of $4.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72.

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

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.