Caz Investments LP Trims Stock Position in Grab Holdings Limited (NASDAQ:GRAB)

Caz Investments LP reduced its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 50.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,832,616 shares of the company’s stock after selling 1,867,616 shares during the quarter. Grab accounts for 12.4% of Caz Investments LP’s investment portfolio, making the stock its 2nd largest holding. Caz Investments LP’s holdings in Grab were worth $8,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new position in Grab during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new position in shares of Grab in the 4th quarter valued at about $30,000. Campbell Capital Management Inc. bought a new stake in shares of Grab during the 4th quarter valued at about $30,000. TD Private Client Wealth LLC grew its stake in Grab by 7,238.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after purchasing an additional 7,890 shares during the period. Finally, SeaBridge Investment Advisors LLC acquired a new position in Grab in the fourth quarter valued at approximately $48,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Performance

NASDAQ GRAB opened at $4.57 on Friday. 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 $18.40 billion, a price-to-earnings ratio of -228.50, a PEG ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The company has a fifty day moving average price of $4.68 and a 200-day moving average price of $4.51.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. As a group, equities research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target for the company in a research note on Friday, February 21st. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and cut their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.