Grab Holdings Limited (NASDAQ:GRAB) Stock Position Raised by Vestcor Inc

Vestcor Inc boosted its stake in Grab Holdings Limited (NASDAQ:GRAB) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,602 shares of the company’s stock after buying an additional 4,776 shares during the quarter. Vestcor Inc’s holdings in Grab were worth $159,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Empowered Funds LLC increased its stake in shares of Grab by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after purchasing an additional 3,147 shares during the last quarter. FNY Investment Advisers LLC grew its stake in Grab by 13.9% in the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock valued at $135,000 after buying an additional 3,500 shares during the last quarter. Traynor Capital Management Inc. grew its stake in Grab by 47.7% in the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company’s stock valued at $75,000 after buying an additional 5,100 shares during the last quarter. Metis Global Partners LLC grew its stake in Grab by 10.9% in the 3rd quarter. Metis Global Partners LLC now owns 53,262 shares of the company’s stock valued at $202,000 after buying an additional 5,221 shares during the last quarter. Finally, Callan Capital LLC grew its position in Grab by 20.4% in the 4th quarter. Callan Capital LLC now owns 31,196 shares of the company’s stock worth $147,000 after purchasing an additional 5,290 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analysts Set New Price Targets

GRAB has been the topic of several research analyst reports. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Barclays raised their price target on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Finally, Citigroup restated a “buy” rating on shares of Grab 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.62.

Grab Price Performance

NASDAQ:GRAB opened at $4.60 on Wednesday. The firm has a market cap of $18.52 billion, a PE ratio of -230.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $4.66 and its two-hundred day moving average price is $4.45.

Grab (NASDAQ:GRAB) last released its quarterly 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 analyst estimates of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. On average, 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.