XTX Topco Ltd Has $427,000 Stake in Grab Holdings Limited (NASDAQ:GRAB)

XTX Topco Ltd grew its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 265.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,274 shares of the company’s stock after buying an additional 81,558 shares during the quarter. XTX Topco Ltd’s holdings in Grab were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Grab by 13.4% in the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock worth $472,394,000 after purchasing an additional 14,671,388 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in Grab in the 2nd quarter worth approximately $166,587,000. State Street Corp lifted its holdings in Grab by 2.3% in the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company’s stock worth $165,567,000 after purchasing an additional 967,233 shares during the last quarter. Coronation Fund Managers Ltd. lifted its holdings in Grab by 11.4% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 33,735,725 shares of the company’s stock worth $128,196,000 after purchasing an additional 3,442,581 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Grab by 39.7% in the 2nd quarter. Marshall Wace LLP now owns 30,405,993 shares of the company’s stock worth $107,941,000 after purchasing an additional 8,635,310 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GRAB has been the subject of several analyst reports. JPMorgan Chase & Co. boosted 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. Mizuho lifted their price target on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Daiwa Capital Markets initiated coverage on Grab in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price target on the stock. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a research report on Thursday, November 21st. Finally, HSBC downgraded Grab from a “buy” rating to a “hold” rating and lifted their price target for the stock from $4.25 to $5.50 in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Grab presently has a consensus rating of “Moderate Buy” and an average price target of $5.53.

Grab Stock Performance

GRAB opened at $5.13 on Friday. The stock has a market cap of $20.66 billion, a PE ratio of -256.50 and a beta of 0.90. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 1 year low of $2.90 and a 1 year high of $5.72. The stock’s 50 day simple moving average is $4.55 and its 200-day simple moving average is $3.85.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The firm had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $705.40 million. During the same period in the prior year, the business posted ($0.02) earnings per share. Sell-side analysts forecast that Grab Holdings Limited will post -0.03 EPS for the current year.

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.