Corient Private Wealth LLC Raises Position in Grab Holdings Limited (NASDAQ:GRAB)

Corient Private Wealth LLC raised its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,187 shares of the company’s stock after buying an additional 29,288 shares during the period. Corient Private Wealth LLC’s holdings in Grab were worth $605,000 at the end of the most recent reporting period.

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

Grab Price Performance

GRAB opened at $4.57 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The company has a market cap of $18.40 billion, a price-to-earnings ratio of -228.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The stock has a fifty day simple moving average of $4.68 and a two-hundred day simple moving average of $4.51. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72.

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

Analysts Set New Price Targets

GRAB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a report on Friday, February 21st. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and upped their price target for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Benchmark reiterated a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Finally, Barclays boosted their target price on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.