Grab Holdings Limited (NASDAQ:GRAB) Position Reduced by Intermede Investment Partners Ltd

Intermede Investment Partners Ltd reduced its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,420,540 shares of the company’s stock after selling 727,115 shares during the quarter. Intermede Investment Partners Ltd owned about 0.06% of Grab worth $11,425,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GRAB. Global Retirement Partners LLC bought a new position in Grab during the fourth quarter valued at about $30,000. SeaBridge Investment Advisors LLC bought a new position in shares of Grab during the 4th quarter valued at about $48,000. New York Life Investment Management LLC bought a new position in shares of Grab during the 4th quarter valued at about $48,000. Atria Wealth Solutions Inc. acquired a new position in shares of Grab in the 4th quarter worth approximately $49,000. Finally, Sanctuary Advisors LLC acquired a new stake in Grab during the fourth quarter valued at approximately $50,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of GRAB opened at $4.22 on Thursday. The company has a market capitalization of $16.99 billion, a PE ratio of -211.00, a PEG ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The company’s 50 day moving average price is $4.69 and its 200 day moving average price is $4.41. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72.

Grab (NASDAQ:GRAB) last issued its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GRAB. Mizuho lifted 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. HSBC raised Grab from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $5.50 to $5.45 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 target for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Barclays lifted their price target on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Finally, China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a report on Thursday, November 21st. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.