ANTIPODES PARTNERS Ltd Takes Position in Grab Holdings Limited (NASDAQ:GRAB)

ANTIPODES PARTNERS Ltd acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 123,941 shares of the company’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. lifted its position in shares of Grab by 10.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after acquiring an additional 4,259,537 shares during the last quarter. Tidal Investments LLC raised its stake in Grab by 4,311.8% during the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company’s stock valued at $1,691,000 after purchasing an additional 435,014 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Grab during the 3rd quarter valued at $22,434,000. Leibman Financial Services Inc. acquired a new stake in Grab during the 4th quarter valued at $937,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Grab by 2.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock valued at $22,220,000 after purchasing an additional 134,243 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Price Performance

NASDAQ GRAB opened at $4.22 on Thursday. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The stock’s 50-day moving average is $4.69 and its two-hundred day moving average is $4.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm has a market cap of $16.99 billion, a P/E ratio of -211.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. On average, analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on GRAB shares. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. China Renaissance downgraded shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 target price on the stock. in a research note on Thursday, November 21st. Barclays boosted their target price on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and cut their target price for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Finally, Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.62.

About Grab

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.