Grab Holdings Limited (NASDAQ:GRAB) Shares Acquired by abrdn plc

abrdn plc increased its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928,553 shares of the company’s stock after acquiring an additional 73,193 shares during the quarter. abrdn plc’s holdings in Grab were worth $4,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GRAB. Blue Trust Inc. grew its holdings in shares of Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after purchasing an additional 3,408 shares during the last quarter. Traynor Capital Management Inc. acquired a new stake in shares of Grab in the 3rd quarter valued at about $41,000. SeaBridge Investment Advisors LLC purchased a new position in Grab during the 4th quarter worth approximately $48,000. Glenmede Trust Co. NA acquired a new position in Grab during the third quarter worth approximately $53,000. Finally, Baldwin Wealth Partners LLC MA purchased a new stake in Grab in the fourth quarter valued at approximately $67,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Stock Performance

Shares of GRAB stock opened at $4.79 on Monday. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a market cap of $19.29 billion, a price-to-earnings ratio of -239.50, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. The stock has a 50 day simple moving average of $4.82 and a 200-day simple moving average of $4.17.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $716.00 million during the quarter, compared to analysts’ expectations 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 prior year, the business posted ($0.02) earnings per share. On average, equities analysts forecast that Grab Holdings Limited will post -0.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GRAB shares. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Barclays raised their price objective on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut shares of Grab from an “overweight” rating to a “neutral” rating in a report on Wednesday, February 5th. Evercore ISI raised their price target on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Bank of America raised Grab from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Grab has an average rating of “Moderate Buy” and an average price target of $5.54.

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.