Asset Management One Co. Ltd. Has $3.69 Million Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Asset Management One Co. Ltd. cut its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 767,596 shares of the company’s stock after selling 8,862 shares during the period. Asset Management One Co. Ltd.’s holdings in Grab were worth $3,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GRAB. Perpetual Ltd bought a new stake in shares of Grab in the 4th quarter valued at about $213,177,000. Wellington Management Group LLP increased its stake in shares of Grab by 13.4% in the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock valued at $472,394,000 after acquiring an additional 14,671,388 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. bought a new stake in shares of Grab in the 3rd quarter valued at about $38,000,000. Assenagon Asset Management S.A. increased its stake in shares of Grab by 109.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company’s stock valued at $79,989,000 after acquiring an additional 8,868,071 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Grab by 179.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock valued at $47,357,000 after acquiring an additional 8,004,912 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Up 0.8 %

NASDAQ:GRAB opened at $5.34 on Thursday. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $4.78 and a two-hundred day moving average price of $4.26. The company has a market cap of $21.50 billion, a P/E ratio of -267.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.90.

Analyst Ratings Changes

A number of analysts have recently commented on GRAB shares. HSBC raised Grab from a “hold” rating to a “buy” rating and lowered their price target for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Barclays upped their price target on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Daiwa Capital Markets initiated coverage on Grab in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 target price for the company. China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a research note on Thursday, November 21st. Finally, Bank of America raised Grab from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.54.

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.