LPL Financial LLC Has $559,000 Stock Position in Grab Holdings Limited (NASDAQ:GRAB)

LPL Financial LLC boosted its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 221.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,439 shares of the company’s stock after purchasing an additional 81,543 shares during the period. LPL Financial LLC’s holdings in Grab were worth $559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GRAB. Twin Tree Management LP acquired a new position in shares of Grab in the 4th quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in Grab in the 4th quarter valued at $30,000. Campbell Capital Management Inc. acquired a new position in Grab in the fourth quarter worth $30,000. TD Private Client Wealth LLC boosted its stake in Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after purchasing an additional 7,890 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new stake in shares of Grab during the fourth quarter worth $48,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Price Performance

Shares of GRAB opened at $4.68 on Friday. The stock has a market cap of $18.85 billion, a P/E ratio of -234.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The stock’s 50-day moving average price is $4.44 and its two-hundred day moving average price is $4.58. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. On average, equities analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

GRAB has been the topic of several research reports. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and reduced their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Thursday, February 20th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, Barclays increased their price objective on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Grab currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.60.

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.