Daiwa Securities Group Inc. Buys 22,654 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Daiwa Securities Group Inc. grew its stake in Grab Holdings Limited (NASDAQ:GRAB) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,480 shares of the company’s stock after acquiring an additional 22,654 shares during the period. Daiwa Securities Group Inc.’s holdings in Grab were worth $1,494,000 at the end of the most recent reporting period.

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

Grab Stock Performance

NASDAQ GRAB opened at $4.40 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The stock has a 50-day moving average of $4.67 and a 200 day moving average of $4.42. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of -220.00, a PEG ratio of 2.26 and a beta of 0.88.

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

Analysts Set New Price Targets

Several research analysts have issued reports on GRAB shares. Citigroup reiterated a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Barclays increased their price target on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Finally, HSBC raised shares of Grab from a “hold” rating to a “buy” rating and reduced their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Grab has an average rating of “Moderate Buy” and an average target price of $5.62.

Grab 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.