Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Swiss National Bank

Swiss National Bank increased its stake in Grab Holdings Limited (NASDAQ:GRAB) by 0.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,274,800 shares of the company’s stock after acquiring an additional 55,100 shares during the quarter. Swiss National Bank owned approximately 0.16% of Grab worth $23,844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after purchasing an additional 3,408 shares in the last quarter. Sage Rhino Capital LLC acquired a new stake in shares of Grab during the second quarter valued at approximately $38,000. Traynor Capital Management Inc. purchased a new stake in shares of Grab in the 3rd quarter valued at approximately $41,000. Dorsey & Whitney Trust CO LLC boosted its stake in Grab by 37.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock worth $50,000 after purchasing an additional 3,795 shares during the period. Finally, Prospect Financial Services LLC purchased a new position in Grab during the 2nd quarter worth approximately $53,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Trading Up 0.2 %

Shares of NASDAQ:GRAB opened at $5.67 on Friday. Grab Holdings Limited has a 1 year low of $2.90 and a 1 year high of $5.72. The firm has a fifty day moving average price of $4.06 and a 200 day moving average price of $3.67. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $22.24 billion, a PE ratio of -283.46 and a beta of 0.81.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.01 EPS for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. Analysts expect that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GRAB has been the subject of several recent analyst reports. China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Daiwa Capital Markets initiated coverage on shares of Grab in a report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target for the company. Evercore ISI upped their price objective on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Mizuho lifted their target price on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Grab has a consensus rating of “Moderate Buy” and an average target price of $5.47.

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.