36,345 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in Grab Holdings Limited (NASDAQ:GRAB) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 36,345 shares of the company’s stock, valued at approximately $165,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GRAB. Twin Tree Management LP bought a new stake in shares of Grab during the 4th quarter worth $25,000. Garde Capital Inc. bought a new position in shares of Grab during the 1st quarter valued at about $29,000. Global Retirement Partners LLC purchased a new position in shares of Grab during the 4th quarter valued at about $30,000. Campbell Capital Management Inc. bought a new stake in Grab in the 4th quarter worth approximately $30,000. Finally, 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 buying an additional 7,890 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on GRAB shares. JPMorgan Chase & Co. decreased their price target on shares of Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. CLSA upgraded shares of Grab to a “moderate buy” rating in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.71.

Grab Price Performance

GRAB stock opened at $5.03 on Tuesday. The stock has a market capitalization of $20.26 billion, a price-to-earnings ratio of 251.63 and a beta of 0.84. The firm’s 50-day moving average price is $4.84 and its two-hundred day moving average price is $4.68. The company has a current ratio of 2.49, a quick ratio of 2.46 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72.

Grab Company 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.