Deltec Asset Management LLC Sells 35,000 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Deltec Asset Management LLC lessened its position in Grab Holdings Limited (NASDAQ:GRAB) by 30.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 80,000 shares of the company’s stock after selling 35,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Grab were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after buying an additional 3,408 shares during the period. Traynor Capital Management Inc. purchased a new stake in Grab in the third quarter worth about $41,000. SeaBridge Investment Advisors LLC purchased a new stake in Grab in the fourth quarter worth about $48,000. Glenmede Trust Co. NA bought a new position in shares of Grab during the third quarter valued at approximately $53,000. Finally, Baldwin Wealth Partners LLC MA purchased a new position in shares of Grab during the fourth quarter valued at approximately $67,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Trading Up 12.6 %

NASDAQ:GRAB opened at $5.11 on Wednesday. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The business has a fifty day moving average price of $4.85 and a 200-day moving average price of $4.15. The firm has a market capitalization of $20.58 billion, a price-to-earnings ratio of -255.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. 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 posted its quarterly earnings data on Monday, November 11th. The company reported $0.01 EPS for the quarter. The firm had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter last year, the company earned ($0.02) earnings per share. Sell-side analysts forecast that Grab Holdings Limited will post -0.02 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on GRAB. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Tuesday, November 12th. Mizuho raised their price target on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday. 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 research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.54.

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.