Banque Cantonale Vaudoise Has $525,000 Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Banque Cantonale Vaudoise trimmed its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 7.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,163 shares of the company’s stock after selling 12,759 shares during the period. Banque Cantonale Vaudoise’s holdings in Grab were worth $525,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Lake Street Advisors Group LLC lifted its stake in Grab by 0.4% in the 3rd quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company’s stock worth $2,465,000 after acquiring an additional 2,972 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Grab by 9.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 41,821 shares of the company’s stock worth $141,000 after acquiring an additional 3,510 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Grab by 9.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company’s stock valued at $148,000 after acquiring an additional 3,632 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Grab by 0.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company’s stock valued at $2,365,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Grab by 0.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 944,627 shares of the company’s stock worth $3,103,000 after buying an additional 5,317 shares during the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GRAB has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of Grab in a research report on Friday, May 17th. They set a “buy” rating and a $4.50 target price on the stock. HSBC reiterated a “buy” rating and issued a $4.30 price target on shares of Grab in a report on Thursday, April 4th. Finally, Barclays raised their price objective on shares of Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $5.07.

Grab Stock Up 0.6 %

Shares of Grab stock opened at $3.54 on Friday. The business has a 50-day moving average of $3.56 and a two-hundred day moving average of $3.34. Grab Holdings Limited has a 1 year low of $2.90 and a 1 year high of $3.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.26 and a quick ratio of 3.22. The company has a market capitalization of $13.89 billion, a P/E ratio of -50.56 and a beta of 0.82.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $653.00 million during the quarter, compared to analyst estimates of $662.48 million. Grab had a negative net margin of 11.86% and a negative return on equity of 4.62%. As a group, equities analysts predict that Grab Holdings Limited will post -0.01 EPS for the current year.

About Grab

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.