Ergoteles LLC Has $113,000 Position in Grab Holdings Limited (NASDAQ:GRAB)

Ergoteles LLC lessened its position in shares of Grab Holdings Limited (NASDAQ:GRAB – Get Rating) by 91.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,100 shares of the company’s stock after selling 450,958 shares during the quarter. Ergoteles LLC’s holdings in Grab were worth $113,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GRAB. TD Asset Management Inc. grew its holdings in Grab by 15.2% during the third quarter. TD Asset Management Inc. now owns 273,918 shares of the company’s stock valued at $701,000 after purchasing an additional 36,118 shares during the period. Alps Advisors Inc. acquired a new position in Grab during the second quarter valued at approximately $37,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Grab by 0.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 835,707 shares of the company’s stock valued at $2,198,000 after purchasing an additional 4,267 shares during the period. KBC Group NV grew its holdings in Grab by 22.9% during the third quarter. KBC Group NV now owns 47,965 shares of the company’s stock valued at $126,000 after purchasing an additional 8,932 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Grab by 40.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 446,523 shares of the company’s stock valued at $1,174,000 after purchasing an additional 128,914 shares during the period. Institutional investors and hedge funds own 46.57% of the company’s stock.

Grab Stock Performance

Shares of GRAB stock opened at $3.16 on Thursday. The company’s fifty day simple moving average is $3.48 and its 200-day simple moving average is $3.11. The company has a quick ratio of 5.14, a current ratio of 5.19 and a debt-to-equity ratio of 0.19. The firm has a market cap of $11.82 billion, a PE ratio of -7.18 and a beta of 0.80. Grab Holdings Limited has a 12 month low of $2.19 and a 12 month high of $4.13.

Grab (NASDAQ:GRAB – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Grab had a negative return on equity of 23.71% and a negative net margin of 117.45%. The business had revenue of $502.00 million during the quarter, compared to the consensus estimate of $405.39 million. Grab’s revenue was up 311.5% compared to the same quarter last year. Equities research analysts expect that Grab Holdings Limited will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America upgraded shares of Grab from a “neutral” rating to a “buy” rating and upped their price target for the company from $3.60 to $4.20 in a report on Tuesday, January 17th. JPMorgan Chase & Co. cut shares of Grab from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $3.20 to $2.80 in a report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Grab presently has an average rating of “Moderate Buy” and a consensus price target of $3.91.

Grab Company Profile

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Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company is headquartered in Singapore.