AdvisorNet Financial Inc Lowers Position in Grab Holdings Limited (NASDAQ:GRAB)

AdvisorNet Financial Inc decreased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,436 shares of the company’s stock after selling 7,920 shares during the quarter. AdvisorNet Financial Inc’s holdings in Grab were worth $446,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GRAB. Empowered Funds LLC lifted its position in Grab by 7.7% during the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock valued at $166,000 after purchasing an additional 3,147 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Grab by 53.6% during the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after acquiring an additional 3,408 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Grab by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock worth $2,951,000 after acquiring an additional 3,941 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Grab by 34.5% in the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock valued at $70,000 after acquiring an additional 4,725 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in Grab by 10.9% during the third quarter. Metis Global Partners LLC now owns 53,262 shares of the company’s stock valued at $202,000 after purchasing an additional 5,221 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Grab Trading Up 2.3 %

Shares of GRAB opened at $4.46 on Thursday. The stock has a market capitalization of $17.96 billion, a P/E ratio of -223.00 and a beta of 0.90. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $4.94 and a two-hundred day simple moving average of $4.03.

Grab (NASDAQ:GRAB) last posted its earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same period in the prior year, the business posted ($0.02) earnings per share. On average, research analysts anticipate that Grab Holdings Limited will post -0.03 EPS for the current year.

Analyst Ratings Changes

GRAB has been the subject of a number of research reports. HSBC cut Grab from a “buy” rating to a “hold” rating and upped their price objective for the stock from $4.25 to $5.50 in a report on Thursday, December 5th. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Barclays upped their price objective on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Mizuho increased their target price on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.55.

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.