Vontobel Holding Ltd. increased its stake in Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 1,023.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 346,273 shares of the company’s stock after buying an additional 315,448 shares during the quarter. Vontobel Holding Ltd.’s holdings in Grab were worth $1,042,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Edmond DE Rothschild Holding S.A. purchased a new position in Grab in the fourth quarter valued at about $25,000. Arena Capital Advisors LLC CA purchased a new position in Grab in the first quarter valued at about $35,000. Achmea Investment Management B.V. boosted its holdings in Grab by 100.0% in the fourth quarter. Achmea Investment Management B.V. now owns 11,176 shares of the company’s stock valued at $34,000 after purchasing an additional 5,588 shares during the last quarter. Eaton Vance Management purchased a new position in Grab in the third quarter valued at about $30,000. Finally, Dimensional Fund Advisors LP purchased a new position in Grab in the first quarter valued at about $40,000. Institutional investors and hedge funds own 52.09% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on GRAB shares. HSBC increased their price target on Grab from $4.03 to $4.20 in a report on Friday, May 19th. Citigroup reduced their price target on Grab from $5.00 to $4.80 and set a “buy” rating for the company in a report on Friday, April 21st. Benchmark assumed coverage on Grab in a report on Thursday, April 20th. They set a “buy” rating and a $4.00 target price on the stock. JPMorgan Chase & Co. raised Grab from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $2.55 to $3.10 in a report on Wednesday, June 21st. Finally, Loop Capital reduced their target price on Grab from $5.00 to $4.00 in a report on Wednesday, April 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.03.
Grab Trading Down 0.6 %
Shares of NASDAQ GRAB opened at $3.25 on Thursday. The company has a market cap of $12.18 billion, a price-to-earnings ratio of -8.33 and a beta of 0.77. Grab Holdings Limited has a 12-month low of $2.19 and a 12-month high of $4.03. The company has a current ratio of 5.39, a quick ratio of 5.34 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $3.12 and its 200 day simple moving average is $3.21.
Grab (NASDAQ:GRAB – Free Report) last announced its quarterly earnings results on Thursday, May 18th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $525.00 million for the quarter, compared to the consensus estimate of $505.00 million. Grab had a negative return on equity of 22.08% and a negative net margin of 86.94%. The business’s revenue was up 130.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. Equities research analysts expect that Grab Holdings Limited will post -0.16 EPS for the current year.
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.