Cambridge Investment Research Advisors Inc. Invests $108,000 in Grab Holdings Limited (NASDAQ:GRAB)

Cambridge Investment Research Advisors Inc. bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,740 shares of the company’s stock, valued at approximately $108,000.

A number of other large investors have also modified their holdings of GRAB. Uber Technologies Inc purchased a new stake in shares of Grab during the fourth quarter worth $2,529,462,000. Toyota Motor Corp acquired a new position in shares of Grab during the 4th quarter valued at about $1,052,117,000. Hanwha Asset Management Co. Ltd. acquired a new position in shares of Grab during the 4th quarter valued at about $227,718,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Grab by 5,066.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company’s stock valued at $160,075,000 after acquiring an additional 33,257,610 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Grab during the 4th quarter valued at about $145,927,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. CLSA raised shares of Grab to a “moderate buy” rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lowered their price target on shares of Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Two equities research 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 company’s stock. According to data from MarketBeat, Grab has a consensus rating of “Moderate Buy” and an average price target of $5.71.

Grab Price Performance

Grab stock opened at $5.01 on Tuesday. The company’s 50 day simple moving average is $4.88 and its 200-day simple moving average is $4.67. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of 250.63 and a beta of 0.84. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.49.

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.