KBC Group NV Grows Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

KBC Group NV raised its position in shares of Grab Holdings Limited (NASDAQ:GRABFree Report) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,681,828 shares of the company’s stock after buying an additional 147,319 shares during the quarter. KBC Group NV’s holdings in Grab were worth $5,668,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Grab during the fourth quarter valued at about $146,995,000. Artisan Partners Limited Partnership increased its holdings in Grab by 11.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 24,894,289 shares of the company’s stock worth $83,894,000 after buying an additional 2,523,484 shares during the period. Ward Ferry Management BVI Ltd acquired a new position in Grab in the 3rd quarter worth approximately $56,614,000. Prudential PLC increased its holdings in Grab by 5.2% in the 3rd quarter. Prudential PLC now owns 14,897,258 shares of the company’s stock worth $52,736,000 after buying an additional 732,033 shares during the period. Finally, Legal & General Group Plc increased its holdings in Grab by 7.8% in the 3rd quarter. Legal & General Group Plc now owns 11,541,038 shares of the company’s stock worth $40,855,000 after buying an additional 835,772 shares during the period. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Trading Up 0.5 %

Shares of GRAB stock opened at $3.68 on Thursday. The stock’s fifty day moving average is $3.47 and its two-hundred day moving average is $3.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.22 and a current ratio of 3.26. The firm has a market capitalization of $14.44 billion, a P/E ratio of -52.57 and a beta of 0.82. Grab Holdings Limited has a fifty-two week low of $2.90 and a fifty-two week high of $3.92.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GRAB shares. HSBC reiterated a “buy” rating and issued a $4.30 price target on shares of Grab in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on Grab in a research report on Friday, May 17th. They issued a “buy” rating and a $4.50 price objective on the stock. Barclays upped their price objective on Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Finally, Benchmark restated a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, May 16th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $5.07.

Get Our Latest Research Report on Grab

About Grab

(Free Report)

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.

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Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

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