Lake Street Advisors Group LLC lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 0.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 700,455 shares of the company’s stock after acquiring an additional 5,131 shares during the period. Lake Street Advisors Group LLC’s holdings in Grab were worth $2,487,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new stake in Grab during the 1st quarter worth $32,000. Dorsey & Whitney Trust CO LLC bought a new position in Grab in the first quarter valued at about $32,000. Callan Capital LLC acquired a new stake in shares of Grab during the first quarter valued at about $34,000. Sage Rhino Capital LLC bought a new stake in shares of Grab during the second quarter worth about $38,000. Finally, Lane & Associates LLC acquired a new position in shares of Grab in the first quarter valued at approximately $39,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.
Grab Price Performance
GRAB stock opened at $3.29 on Friday. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of -47.00 and a beta of 0.81. The company’s fifty day simple moving average is $3.34 and its 200 day simple moving average is $3.39. Grab Holdings Limited has a 12-month low of $2.90 and a 12-month high of $3.82.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Grab in a research report on Friday, May 17th. They set a “buy” rating and a $4.50 target price on the stock. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Grab in a report on Monday, August 19th. Jefferies Financial Group decreased their price objective on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a report on Wednesday, July 17th. Barclays raised their target price on Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Finally, Mizuho assumed coverage on Grab in a research report on Thursday, June 27th. They issued an “outperform” rating and a $5.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $4.71.
Check Out Our Latest Stock Analysis on Grab
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.
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