Point72 Asset Management L.P. Buys Shares of 16,252,440 Grab Holdings Limited (NASDAQ:GRAB)

Point72 Asset Management L.P. bought a new position in Grab Holdings Limited (NASDAQ:GRAB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,252,440 shares of the company’s stock, valued at approximately $57,696,000. Point72 Asset Management L.P. owned about 0.41% of Grab as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in GRAB. Miracle Mile Advisors LLC purchased a new position in shares of Grab in the first quarter worth approximately $32,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Grab during the 1st quarter worth $32,000. Callan Capital LLC bought a new stake in shares of Grab during the 1st quarter valued at $34,000. Sage Rhino Capital LLC purchased a new stake in shares of Grab in the 2nd quarter worth $38,000. Finally, Lane & Associates LLC bought a new position in Grab in the 1st quarter worth $39,000. 55.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GRAB has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Benchmark reissued a “buy” rating and issued a $6.00 target price on shares of Grab in a report on Wednesday, September 11th. Finally, Mizuho assumed coverage on shares of Grab in a report on Thursday, June 27th. They set an “outperform” rating and a $5.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Grab has an average rating of “Buy” and a consensus price target of $4.71.

Grab Stock Up 2.2 %

Shares of GRAB opened at $3.78 on Thursday. The business’s 50 day moving average is $3.35 and its 200 day moving average is $3.42. The company has a current ratio of 3.00, a quick ratio of 2.97 and a debt-to-equity ratio of 0.03. Grab Holdings Limited has a 12-month low of $2.90 and a 12-month high of $3.79. The company has a market capitalization of $14.83 billion, a PE ratio of -54.00 and a beta of 0.81.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Thursday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The firm had revenue of $664.00 million for the quarter, compared to analysts’ expectations of $674.17 million. During the same quarter last year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. Research analysts expect that Grab Holdings Limited will post -0.01 earnings per share for the current fiscal year.

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.