122,333 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd purchased a new stake in Grab Holdings Limited (NASDAQ:GRABFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 122,333 shares of the company’s stock, valued at approximately $398,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Optas LLC purchased a new stake in Grab in the fourth quarter valued at $36,000. Meridian Wealth Partners LLC purchased a new stake in Grab in the fourth quarter valued at $36,000. Jump Financial LLC purchased a new stake in Grab in the third quarter valued at $41,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Grab in the third quarter valued at $51,000. Finally, Cerity Partners LLC purchased a new stake in Grab in the fourth quarter valued at $58,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Grab in a report on Friday, May 17th. They issued a “buy” rating and a $4.50 target price for the company. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Grab in a report on Thursday, May 16th. HSBC reaffirmed a “buy” rating and issued a $4.30 target price on shares of Grab in a report on Thursday, April 4th. Finally, Barclays upped their target price on shares of Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $5.07.

Get Our Latest Analysis on Grab

Grab Trading Down 0.3 %

NASDAQ GRAB opened at $3.67 on Friday. The stock has a market capitalization of $14.40 billion, a P/E ratio of -52.42 and a beta of 0.82. Grab Holdings Limited has a 52-week low of $2.90 and a 52-week high of $3.92. The firm has a 50-day moving average price of $3.50 and a 200 day moving average price of $3.30. The company has a quick ratio of 3.22, a current ratio of 3.26 and a debt-to-equity ratio of 0.03.

Grab (NASDAQ:GRABGet Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $653.00 million for the quarter, compared to analysts’ expectations of $662.48 million. Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. Equities research analysts expect that Grab Holdings Limited will post -0.01 EPS for the current year.

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.

See Also

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Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

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