Zurcher Kantonalbank Zurich Cantonalbank Has $1.87 Million Stock Position in Grab Holdings Limited (NASDAQ:GRAB)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Grab Holdings Limited (NASDAQ:GRAB) by 27.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 554,371 shares of the company’s stock after selling 214,537 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Grab were worth $1,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lake Street Advisors Group LLC boosted its position in Grab by 0.4% during the 3rd quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company’s stock worth $2,465,000 after acquiring an additional 2,972 shares during the period. Sequoia Financial Advisors LLC boosted its position in Grab by 9.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 41,821 shares of the company’s stock worth $141,000 after acquiring an additional 3,510 shares during the period. PNC Financial Services Group Inc. boosted its position in Grab by 9.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company’s stock worth $148,000 after acquiring an additional 3,632 shares during the period. Public Sector Pension Investment Board boosted its position in Grab by 0.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company’s stock worth $2,365,000 after acquiring an additional 4,200 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Grab by 1.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 301,543 shares of the company’s stock worth $1,067,000 after acquiring an additional 5,003 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Down 0.9 %

GRAB opened at $3.48 on Thursday. Grab Holdings Limited has a fifty-two week low of $2.67 and a fifty-two week high of $3.92. The business has a 50-day moving average of $3.25 and a 200-day moving average of $3.23. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.90 and a quick ratio of 3.87. The company has a market capitalization of $13.65 billion, a PE ratio of -34.80 and a beta of 0.91.

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

Analyst Ratings Changes

GRAB has been the subject of a number of research reports. Barclays decreased their price objective on Grab from $4.50 to $4.30 and set an “overweight” rating for the company in a research report on Monday, February 5th. HSBC restated a “buy” rating and set a $4.30 price objective on shares of Grab in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $3.60 to $3.80 in a research report on Thursday, January 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $5.10.

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.