SG Americas Securities LLC Buys 113,373 Shares of Grab Holdings Limited (NASDAQ:GRAB)

SG Americas Securities LLC increased its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 98.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,950 shares of the company’s stock after buying an additional 113,373 shares during the quarter. SG Americas Securities LLC’s holdings in Grab were worth $1,033,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ellevest Inc. boosted its position in shares of Grab by 3.3% during the 4th quarter. Ellevest Inc. now owns 82,793 shares of the company’s stock worth $391,000 after acquiring an additional 2,636 shares in the last quarter. Leibman Financial Services Inc. lifted its stake in Grab by 1.7% during the first quarter. Leibman Financial Services Inc. now owns 201,858 shares of the company’s stock worth $914,000 after purchasing an additional 3,331 shares during the last quarter. Wedbush Securities Inc. lifted its stake in Grab by 19.1% during the fourth quarter. Wedbush Securities Inc. now owns 21,800 shares of the company’s stock worth $103,000 after purchasing an additional 3,500 shares during the last quarter. Baldwin Wealth Partners LLC MA boosted its holdings in shares of Grab by 26.2% in the 1st quarter. Baldwin Wealth Partners LLC MA now owns 17,995 shares of the company’s stock valued at $82,000 after purchasing an additional 3,741 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Grab by 40.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company’s stock valued at $69,000 after purchasing an additional 4,250 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Stock Up 1.9%

Shares of NASDAQ GRAB opened at $4.80 on Wednesday. The company has a 50 day simple moving average of $4.72 and a 200 day simple moving average of $4.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.49 and a quick ratio of 2.46. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The firm has a market cap of $19.33 billion, a PE ratio of 240.12 and a beta of 0.84.

Analysts Set New Price Targets

GRAB has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Grab from $5.60 to $5.30 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Benchmark reissued a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. CLSA raised shares of Grab to a “moderate buy” rating in a report on Wednesday, April 9th. Finally, Barclays lifted their price target on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Grab currently has an average rating of “Moderate Buy” and a consensus target price of $5.71.

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.