Mirae Asset Global Investments Co. Ltd. Buys 17,517 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,124,409 shares of the company’s stock after acquiring an additional 17,517 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Grab were worth $5,307,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Grab by 168.0% in the second quarter. Dimensional Fund Advisors LP now owns 221,135 shares of the company’s stock worth $785,000 after buying an additional 138,620 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Grab during the second quarter valued at about $73,000. Affinity Wealth Management LLC acquired a new stake in shares of Grab in the third quarter valued at about $3,798,000. CX Institutional bought a new position in shares of Grab in the third quarter worth about $342,000. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Grab during the 3rd quarter worth about $313,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Up 2.6 %

GRAB opened at $4.79 on Friday. The firm has a market cap of $19.29 billion, a price-to-earnings ratio of -239.50, a PEG ratio of 1.91 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm’s 50-day simple moving average is $4.82 and its 200-day simple moving average is $4.16. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $716.00 million during the quarter, compared to analyst estimates 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 business posted ($0.02) earnings per share. Equities research analysts anticipate that Grab Holdings Limited will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GRAB shares. Barclays upped their price target on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Mizuho raised their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Daiwa Capital Markets initiated coverage on shares of Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price objective for the company. JPMorgan Chase & Co. downgraded Grab from an “overweight” rating to a “neutral” rating in a research report on Wednesday. Finally, HSBC upgraded Grab from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Grab presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.54.

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.