Goldman Sachs Group Inc. Acquires 126,365 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Goldman Sachs Group Inc. raised its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,648,194 shares of the company’s stock after acquiring an additional 126,365 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.20% of Grab worth $25,774,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GRAB. Virtu Financial LLC bought a new position in shares of Grab in the fourth quarter valued at $191,000. Fullerton Fund Management Co Ltd. grew its stake in shares of Grab by 20.9% in the fourth quarter. Fullerton Fund Management Co Ltd. now owns 17,315,851 shares of the company’s stock valued at $58,354,000 after buying an additional 2,997,442 shares in the last quarter. Caas Capital Management LP bought a new position in shares of Grab in the fourth quarter valued at $156,000. Quadrature Capital Ltd grew its stake in shares of Grab by 11.5% in the fourth quarter. Quadrature Capital Ltd now owns 472,364 shares of the company’s stock valued at $1,594,000 after buying an additional 48,791 shares in the last quarter. Finally, Prudential PLC grew its stake in shares of Grab by 1.9% in the fourth quarter. Prudential PLC now owns 15,176,454 shares of the company’s stock valued at $51,145,000 after buying an additional 279,196 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Grab Stock Down 0.3 %

GRAB opened at $3.53 on Tuesday. Grab Holdings Limited has a fifty-two week low of $2.90 and a fifty-two week high of $3.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.22 and a current ratio of 3.26. The company has a market capitalization of $13.85 billion, a P/E ratio of -50.43 and a beta of 0.82. The stock has a fifty day moving average of $3.57 and a 200-day moving average of $3.34.

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

Wall Street Analysts Forecast Growth

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

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.