Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Empowered Funds LLC

Empowered Funds LLC grew its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,788 shares of the company’s stock after acquiring an additional 3,147 shares during the period. Empowered Funds LLC’s holdings in Grab were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of GRAB. Sequoia Financial Advisors LLC grew its stake in shares of Grab by 8.1% during the second quarter. Sequoia Financial Advisors LLC now owns 40,185 shares of the company’s stock worth $143,000 after purchasing an additional 3,020 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after acquiring an additional 3,408 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Grab by 37.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock worth $50,000 after acquiring an additional 3,795 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Grab by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock worth $2,951,000 after acquiring an additional 3,941 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its stake in Grab by 12.9% during the second quarter. Cigna Investments Inc. New now owns 40,269 shares of the company’s stock worth $143,000 after purchasing an additional 4,595 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Trading Up 0.2 %

Shares of GRAB opened at $5.15 on Wednesday. The business’s 50-day moving average price is $4.13 and its 200 day moving average price is $3.69. 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 stock has a market capitalization of $20.74 billion, a P/E ratio of -257.50 and a beta of 0.81. Grab Holdings Limited has a 1-year low of $2.90 and a 1-year high of $5.72.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The firm had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. During the same period in the prior year, the business earned ($0.02) EPS. Analysts expect that Grab Holdings Limited will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GRAB shares. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a research note on Thursday, November 21st. Barclays raised their target price on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Tuesday, November 12th. Mizuho raised their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.42.

Grab 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.