Grab Holdings Limited (NASDAQ:GRAB) Holdings Raised by Traynor Capital Management Inc.

Traynor Capital Management Inc. grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 47.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,800 shares of the company’s stock after acquiring an additional 5,100 shares during the period. Traynor Capital Management Inc.’s holdings in Grab were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Perpetual Ltd acquired a new stake in shares of Grab during the 4th quarter valued at about $213,177,000. Assenagon Asset Management S.A. grew its position in Grab by 109.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company’s stock worth $79,989,000 after acquiring an additional 8,868,071 shares in the last quarter. Leibman Financial Services Inc. bought a new position in shares of Grab during the 4th quarter valued at $937,000. FNY Investment Advisers LLC lifted its stake in shares of 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 purchasing an additional 3,500 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Grab by 15.4% in the fourth quarter. Nordea Investment Management AB now owns 17,181,844 shares of the company’s stock worth $81,356,000 after purchasing an additional 2,297,932 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on GRAB shares. Mizuho boosted 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. Evercore ISI boosted their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Grab in a report on Tuesday, November 12th. Finally, Hsbc Global Res cut Grab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.55.

Grab Stock Performance

Shares of NASDAQ GRAB opened at $4.64 on Friday. The business has a fifty day simple moving average of $4.94 and a 200 day simple moving average of $4.08. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of -232.00, a PEG ratio of 1.82 and a beta of 0.90. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. 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 (NASDAQ:GRAB) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. Sell-side analysts expect that Grab Holdings Limited will post -0.03 EPS for the current 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.