US Bancorp DE Purchases 321,942 Shares of Grab Holdings Limited (NASDAQ:GRAB)

US Bancorp DE boosted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 4,851.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,578 shares of the company’s stock after purchasing an additional 321,942 shares during the quarter. US Bancorp DE’s holdings in Grab were worth $1,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new stake in shares of Grab during the fourth quarter worth about $30,000. SeaBridge Investment Advisors LLC acquired a new position in shares of Grab during the fourth quarter worth approximately $48,000. New York Life Investment Management LLC purchased a new stake in Grab in the 4th quarter valued at $48,000. Atria Wealth Solutions Inc. purchased a new stake in Grab in the 4th quarter valued at $49,000. Finally, Sanctuary Advisors LLC purchased a new stake in Grab in the 4th quarter valued at $50,000. 55.52% of the stock is owned by institutional investors.

Grab Trading Down 0.2 %

Shares of GRAB stock opened at $4.59 on Friday. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The stock’s 50 day simple moving average is $4.72 and its two-hundred day simple moving average is $4.39. The company has a market cap of $18.48 billion, a PE ratio of -229.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

GRAB has been the subject of several research analyst reports. JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price for the company in a research report on Friday, February 21st. Bank of America upgraded Grab from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Evercore ISI raised their price target on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Mizuho raised their price objective on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.62.

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.