SevenBridge Financial Group LLC Makes New $48,000 Investment in Grab Holdings Limited (NASDAQ:GRAB)

SevenBridge Financial Group LLC acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Tree Management LP bought a new position in Grab during the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new position in shares of Grab during the fourth quarter valued at approximately $30,000. Campbell Capital Management Inc. purchased a new stake in Grab in the fourth quarter worth $30,000. TD Private Client Wealth LLC boosted its holdings in Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after acquiring an additional 7,890 shares in the last quarter. Finally, Allianz SE purchased a new position in Grab during the 4th quarter valued at $44,000. 55.52% of the stock is owned by institutional investors.

Grab Price Performance

Shares of GRAB opened at $4.61 on Thursday. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The company has a market capitalization of $18.56 billion, a P/E ratio of -230.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The firm has a 50 day moving average of $4.68 and a 200 day moving average of $4.54. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting 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 business had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. As a group, equities research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a research note on Friday, February 21st. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Bank of America upgraded 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. Finally, Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.62.

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.