Leibman Financial Services Inc. Purchases New Position in Grab Holdings Limited (NASDAQ:GRAB)

Leibman Financial Services Inc. acquired a new position in Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 198,527 shares of the company’s stock, valued at approximately $937,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GRAB. Blue Trust Inc. boosted its holdings in Grab by 53.6% in 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 in the last quarter. Traynor Capital Management Inc. bought a new position in shares of Grab during the 3rd quarter worth about $41,000. Glenmede Trust Co. NA acquired a new position in Grab in the 3rd quarter valued at approximately $53,000. Wedbush Securities Inc. bought a new position in Grab in the second quarter worth $65,000. Finally, First Trust Direct Indexing L.P. boosted its stake in Grab by 34.5% during the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock worth $70,000 after buying an additional 4,725 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

GRAB stock opened at $4.50 on Tuesday. The company has a 50 day moving average price of $4.94 and a 200 day moving average price of $4.03. The stock has a market capitalization of $18.12 billion, a PE ratio of -225.00 and a beta of 0.90. Grab Holdings Limited has a fifty-two week low of $2.90 and a fifty-two week 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.

Grab (NASDAQ:GRAB) last released its earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The company had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. During the same period in the prior year, the company posted ($0.02) EPS. Analysts forecast that Grab Holdings Limited will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

GRAB has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays increased their target price on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. Daiwa Capital Markets assumed coverage on shares of Grab in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.55.

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.