Grab Holdings Limited (NASDAQ:GRAB) Stock Holdings Boosted by DnB Asset Management AS

DnB Asset Management AS boosted its position in Grab Holdings Limited (NASDAQ:GRAB) by 331.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,956,784 shares of the company’s stock after purchasing an additional 1,503,050 shares during the quarter. DnB Asset Management AS’s holdings in Grab were worth $9,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Grab by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,429,899 shares of the company’s stock valued at $5,434,000 after buying an additional 48,596 shares during the last quarter. Glenmede Trust Co. NA acquired a new stake in Grab in the 3rd quarter valued at approximately $53,000. Public Sector Pension Investment Board raised its stake in Grab by 24.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,095,005 shares of the company’s stock valued at $4,161,000 after acquiring an additional 211,800 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Grab by 179.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock worth $47,357,000 after acquiring an additional 8,004,912 shares during the period. Finally, Maverick Capital Ltd. grew its stake in shares of Grab by 25.4% in the third quarter. Maverick Capital Ltd. now owns 552,692 shares of the company’s stock worth $2,100,000 after purchasing an additional 112,107 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $4.57 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The company has a market capitalization of $18.40 billion, a PE ratio of -228.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The stock has a fifty day moving average of $4.68 and a 200-day moving average of $4.52. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $764.00 million during the quarter, compared to analyst estimates 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 analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GRAB shares. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective on the stock in a research note on Friday, February 21st. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and decreased their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $5.62.

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.