Edmond DE Rothschild Holding S.A. Invests $19.96 Million in Grab Holdings Limited (NASDAQ:GRAB)

Edmond DE Rothschild Holding S.A. bought a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, Holdings Channel reports. The firm bought 4,228,500 shares of the company’s stock, valued at approximately $19,959,000.

A number of other large investors also recently made changes to their positions in GRAB. Wellington Management Group LLP increased its position in Grab by 13.4% during the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock worth $472,394,000 after buying an additional 14,671,388 shares during the period. Hanwha Asset Management Co. Ltd. acquired a new position in shares of Grab in the fourth quarter valued at about $227,718,000. Baillie Gifford & Co. increased its position in Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock worth $221,942,000 after acquiring an additional 4,259,537 shares during the period. Perpetual Ltd acquired a new stake in Grab in the 4th quarter worth about $213,177,000. Finally, State Street Corp boosted 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 valued at $165,567,000 after purchasing an additional 967,233 shares during the period. Institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GRAB. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target for the company in a research report on Friday, February 21st. Citigroup reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Barclays increased their target price on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Finally, Hsbc Global Res upgraded 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.62.

Grab Price Performance

GRAB stock opened at $4.57 on Monday. The stock has a market cap of $18.40 billion, a price-to-earnings ratio of -228.50, a P/E/G ratio of 2.26 and a beta of 0.88. 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 company has a 50 day simple moving average of $4.68 and a 200 day simple moving average of $4.53. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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.