Sequoia Financial Advisors LLC Has $141,000 Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Sequoia Financial Advisors LLC grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 9.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 41,821 shares of the company’s stock after acquiring an additional 3,510 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Grab were worth $141,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Grab during the first quarter worth about $161,045,000. Barclays PLC boosted its position in shares of Grab by 21,204.4% during the 3rd quarter. Barclays PLC now owns 37,301,928 shares of the company’s stock worth $132,048,000 after acquiring an additional 37,126,838 shares in the last quarter. Capital Research Global Investors increased its stake in Grab by 50.9% in the first quarter. Capital Research Global Investors now owns 108,322,250 shares of the company’s stock valued at $379,128,000 after acquiring an additional 36,542,740 shares during the last quarter. Norges Bank acquired a new position in Grab during the fourth quarter valued at approximately $56,535,000. Finally, Ward Ferry Management BVI Ltd bought a new stake in Grab during the third quarter worth $56,614,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GRAB. HSBC reiterated a “buy” rating and issued a $4.30 price target on shares of Grab in a research note on Thursday, April 4th. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $3.60 to $3.80 in a research report on Thursday, January 18th. Finally, Barclays cut their target price on shares of Grab from $4.50 to $4.30 and set an “overweight” rating on the stock in a research report on Monday, February 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $5.10.

Grab Stock Down 0.6 %

Shares of NASDAQ GRAB opened at $3.37 on Monday. The company has a 50 day simple moving average of $3.24 and a 200 day simple moving average of $3.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.90 and a quick ratio of 3.87. Grab Holdings Limited has a 1 year low of $2.67 and a 1 year high of $3.92. The firm has a market cap of $13.22 billion, a PE ratio of -33.70 and a beta of 0.91.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Grab had a negative net margin of 18.43% and a negative return on equity of 6.77%. The firm had revenue of $653.00 million during the quarter, compared to the consensus estimate of $633.82 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, research analysts forecast that Grab Holdings Limited will post 0.01 EPS for the current year.

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.