Grab Holdings Limited $GRAB Stock Holdings Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 83.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 967,530 shares of the company’s stock after purchasing an additional 439,748 shares during the period. Allianz Asset Management GmbH’s holdings in Grab were worth $5,825,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaCore Capital LLC bought a new position in Grab during the 2nd quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd raised its position in shares of Grab by 51.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after acquiring an additional 2,634 shares in the last quarter. Prospera Financial Services Inc bought a new position in Grab during the second quarter worth $50,000. Abound Financial LLC acquired a new position in Grab in the third quarter worth $60,000. Finally, BSW Wealth Partners bought a new stake in Grab during the third quarter valued at $61,000. 55.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GRAB has been the topic of a number of recent research reports. Benchmark raised their price target on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd. Jefferies Financial Group restated a “buy” rating and issued a $7.00 target price on shares of Grab in a research note on Tuesday, November 4th. HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 price target on the stock in a research report on Friday, January 16th. Finally, Mizuho set a $7.00 price objective on Grab in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $6.47.

Grab Trading Up 1.2%

Shares of GRAB stock opened at $4.31 on Wednesday. Grab Holdings Limited has a 1 year low of $3.36 and a 1 year high of $6.62. The firm has a market capitalization of $17.36 billion, a PE ratio of 107.78 and a beta of 0.92. The stock has a fifty day moving average of $4.81 and a two-hundred day moving average of $5.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83.

Grab Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.