Milestone Asset Management LLC Purchases New Stake in Grab Holdings Limited (NASDAQ:GRAB)

Milestone Asset Management LLC purchased a new position in Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 77,519 shares of the company’s stock, valued at approximately $366,000.

Other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in Grab by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock valued at $166,000 after purchasing an additional 3,147 shares during the period. Blue Trust Inc. increased its stake in shares of Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares during the period. FNY Investment Advisers LLC raised its holdings in shares of Grab by 13.9% during the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock valued at $135,000 after acquiring an additional 3,500 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Grab by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock worth $2,951,000 after acquiring an additional 3,941 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its holdings in Grab by 34.5% in the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock valued at $70,000 after acquiring an additional 4,725 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

GRAB has been the subject of several research reports. China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective for the company. in a report on Thursday, November 21st. 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. JPMorgan Chase & Co. upped their target price on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Evercore ISI raised their target price on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays lifted their price target on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.55.

Grab Trading Down 2.9 %

NASDAQ GRAB opened at $4.64 on Friday. The stock’s fifty day moving average price is $4.87 and its 200-day moving average price is $4.11. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock has a market cap of $18.69 billion, a P/E ratio of -232.00, a P/E/G ratio of 1.84 and a beta of 0.90. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72.

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

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.