Rothschild Investment LLC Acquires 17,235 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Rothschild Investment LLC raised its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 68.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 42,491 shares of the company’s stock after buying an additional 17,235 shares during the quarter. Rothschild Investment LLC’s holdings in Grab were worth $201,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. IFP Advisors Inc lifted its stake in shares of Grab by 1,930.6% in the fourth quarter. IFP Advisors Inc now owns 59,151 shares of the company’s stock valued at $279,000 after buying an additional 56,238 shares in the last quarter. Callan Capital LLC lifted its stake in shares of Grab by 20.4% in the fourth quarter. Callan Capital LLC now owns 31,196 shares of the company’s stock valued at $147,000 after buying an additional 5,290 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Grab in the fourth quarter valued at $30,000. Atria Wealth Solutions Inc. bought a new position in shares of Grab in the fourth quarter valued at $49,000. Finally, CIBC Asset Management Inc lifted its stake in shares of Grab by 12.7% in the fourth quarter. CIBC Asset Management Inc now owns 229,863 shares of the company’s stock valued at $1,085,000 after buying an additional 25,962 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on GRAB. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. 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 report on Thursday, February 20th. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and raised their price target for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.62.

Grab Stock Performance

Shares of GRAB stock opened at $4.56 on Wednesday. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of -228.00, a P/E/G ratio of 2.26 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The firm’s 50-day simple moving average is $4.75 and its two-hundred day simple moving average is $4.31.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. As a group, equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share 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.