Mutual Advisors LLC Invests $115,000 in Grab Holdings Limited (NASDAQ:GRAB)

Mutual Advisors LLC acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, Holdings Channel.com reports. The fund acquired 25,887 shares of the company’s stock, valued at approximately $115,000.

Several other institutional investors also recently modified their holdings of GRAB. Perpetual Ltd acquired a new stake in shares of Grab during the 4th quarter worth approximately $213,177,000. Wellington Management Group LLP lifted its position in shares of Grab by 13.4% during the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock worth $472,394,000 after buying an additional 14,671,388 shares during the period. Tree Line Advisors Hong Kong Ltd. bought a new position in shares of Grab during the 3rd quarter worth approximately $38,000,000. Assenagon Asset Management S.A. lifted its position in shares of Grab by 109.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company’s stock worth $79,989,000 after buying an additional 8,868,071 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Grab by 179.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock worth $47,357,000 after buying an additional 8,004,912 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

GRAB has been the subject of several analyst reports. Evercore ISI raised their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. China Renaissance downgraded 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, November 21st. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. HSBC downgraded Grab from a “buy” rating to a “hold” rating and raised their target price for the stock from $4.25 to $5.50 in a research report on Thursday, December 5th. Finally, Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.55.

Grab Trading Up 4.8 %

Shares of GRAB opened at $4.78 on Thursday. The company has a market cap of $19.25 billion, a price-to-earnings ratio of -239.00, a PEG ratio of 1.84 and a beta of 0.90. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The stock has a fifty day moving average price of $4.89 and a two-hundred day moving average price of $4.11.

Grab (NASDAQ:GRAB) last released 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 the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the previous year, the company posted ($0.02) earnings per share. Analysts predict that Grab Holdings Limited will post -0.03 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.