9,360 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by Allianz SE

Allianz SE acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, Holdings Channel.com reports. The fund acquired 9,360 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors also recently bought and sold shares of GRAB. Twin Tree Management LP acquired a new stake in shares of Grab during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in shares of Grab in the 4th quarter worth $30,000. Campbell Capital Management Inc. purchased a new stake in shares of Grab in the fourth quarter valued at about $30,000. TD Private Client Wealth LLC increased its stake in shares of Grab by 7,238.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after acquiring an additional 7,890 shares during the period. Finally, SeaBridge Investment Advisors LLC purchased a new position in Grab during the fourth quarter worth about $48,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. HSBC raised Grab from a “hold” rating to a “buy” rating and lowered their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. 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 report on Friday, February 21st. Barclays raised their target price on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Grab in a research note on Thursday, February 20th. Finally, Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.62.

Grab Stock Down 0.9 %

Shares of NASDAQ GRAB opened at $4.53 on Tuesday. 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’s 50-day moving average is $4.69 and its two-hundred day moving average is $4.54. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a market capitalization of $18.24 billion, a PE ratio of -226.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

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

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.