Grab Holdings Limited (NASDAQ:GRAB) Holdings Raised by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 764.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,000 shares of the company’s stock after buying an additional 278,563 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Grab were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perpetual Ltd bought a new stake in Grab during the fourth quarter worth approximately $213,177,000. Wellington Management Group LLP boosted its stake in Grab by 13.4% during the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock valued at $472,394,000 after purchasing an additional 14,671,388 shares in the last quarter. Tree Line Advisors Hong Kong Ltd. bought a new position in Grab during the third quarter valued at about $38,000,000. Assenagon Asset Management S.A. boosted its stake in Grab by 109.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company’s stock valued at $79,989,000 after buying an additional 8,868,071 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Grab by 179.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock valued at $47,357,000 after buying an additional 8,004,912 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a research note on Tuesday, November 12th. Finally, China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective for the company. in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and an average price target of $5.55.

Grab Trading Up 4.8 %

NASDAQ:GRAB opened at $4.78 on Thursday. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of -239.00, a P/E/G ratio of 1.84 and a beta of 0.90. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $4.89 and its 200-day moving average is $4.11.

Grab (NASDAQ:GRAB) last announced its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The firm had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter last year, the firm posted ($0.02) EPS. Equities analysts anticipate that Grab Holdings Limited will post -0.03 EPS for the current year.

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.