Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 12.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,135,957 shares of the company’s stock after purchasing an additional 1,272,284 shares during the period. Sei Investments Co.’s holdings in Grab were worth $52,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GRAB. Empowered Funds LLC lifted its position in shares of Grab by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after buying an additional 3,147 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in Grab by 13.9% in the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after acquiring an additional 3,500 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Grab by 1.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company’s stock valued at $1,658,000 after acquiring an additional 4,412 shares during the period. Vestcor Inc grew its holdings in shares of Grab by 16.6% during the fourth quarter. Vestcor Inc now owns 33,602 shares of the company’s stock valued at $159,000 after purchasing an additional 4,776 shares during the last quarter. Finally, Traynor Capital Management Inc. raised its position in shares of Grab by 47.7% during the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Trading Up 1.3 %

Grab stock opened at $4.64 on Monday. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The stock has a market capitalization of $18.69 billion, a PE ratio of -232.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The firm has a 50 day simple moving average of $4.66 and a 200-day simple moving average of $4.48.

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

Analyst Ratings Changes

GRAB has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target for the company in a report on Friday, February 21st. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Barclays raised their price target on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.62.

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.