Swiss National Bank Reduces Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Swiss National Bank decreased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,880,400 shares of the company’s stock after selling 114,600 shares during the period. Swiss National Bank’s holdings in Grab were worth $19,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC increased its stake 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 buying an additional 2,972 shares during the period. Sequoia Financial Advisors LLC grew its holdings 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings 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 in the last quarter. Public Sector Pension Investment Board grew its holdings 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 in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings 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 in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on GRAB shares. JPMorgan Chase & Co. raised shares of 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 report on Thursday, January 18th. Barclays decreased their price objective on shares of Grab from $4.50 to $4.30 and set an “overweight” rating for the company in a report on Monday, February 5th. Benchmark reaffirmed a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Monday. Finally, HSBC reaffirmed a “buy” rating and issued a $4.30 price target on shares of Grab in a report on Thursday, April 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $5.10.

Grab Stock Up 1.4 %

GRAB stock opened at $3.55 on Friday. Grab Holdings Limited has a 52-week low of $2.67 and a 52-week high of $3.92. The company’s 50 day simple moving average is $3.29 and its 200-day simple moving average is $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 firm has a market capitalization of $13.93 billion, a P/E ratio of -35.50 and a beta of 0.81.

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 analysts’ consensus estimates 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 business had revenue of $653.00 million for the quarter, compared to analyst estimates of $633.82 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. As a group, equities research analysts anticipate 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.