Centurion Wealth Management LLC Makes New Investment in Grab Holdings Limited (NASDAQ:GRAB)

Centurion Wealth Management LLC acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 23,858 shares of the company’s stock, valued at approximately $113,000.

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

Grab Stock Up 3.3 %

Shares of NASDAQ GRAB opened at $4.40 on Monday. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The firm has a 50-day simple moving average of $4.67 and a two-hundred day simple moving average of $4.44. The company has a market cap of $17.72 billion, a P/E ratio of -220.00, a PEG ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective on the stock in a research note on Friday, February 21st. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Citigroup reissued a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Barclays upped their target price 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. Finally, Bank of America upgraded Grab from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently 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.