Aubrey Capital Management Ltd Takes $19.64 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Aubrey Capital Management Ltd purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,162,100 shares of the company’s stock, valued at approximately $19,643,000. Grab makes up 7.4% of Aubrey Capital Management Ltd’s holdings, making the stock its 5th largest holding.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on GRAB shares. JPMorgan Chase & Co. lowered shares of Grab from an “overweight” rating to a “neutral” rating in a research report on Wednesday, February 5th. 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 research report on Thursday, November 21st. Evercore ISI raised their price target on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a research report on Tuesday, November 12th. Finally, Mizuho raised their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Grab currently has an average rating of “Moderate Buy” and a consensus target price of $5.54.

Grab Price Performance

NASDAQ:GRAB opened at $4.79 on Monday. 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 firm 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 company has a 50 day moving average price of $4.82 and a 200-day moving average price of $4.17. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72.

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

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.