Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its position in Grab Holdings Limited (NASDAQ:GRAB) by 98.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,389 shares of the company’s stock after purchasing an additional 9,622 shares during the quarter. Blue Trust Inc.’s holdings in Grab were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Van ECK Associates Corp acquired a new stake in shares of Grab in the fourth quarter valued at approximately $227,000. Aubrey Capital Management Ltd acquired a new stake in shares of Grab in the fourth quarter valued at approximately $19,643,000. Empowered Funds LLC increased its stake in shares of Grab by 13.3% in the fourth quarter. Empowered Funds LLC now owns 49,608 shares of the company’s stock valued at $234,000 after purchasing an additional 5,820 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Grab by 19.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 264,669 shares of the company’s stock valued at $1,249,000 after acquiring an additional 42,824 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock valued at $22,220,000 after acquiring an additional 134,243 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Trading Up 2.5 %

Grab stock opened at $4.90 on Friday. The company has a 50 day moving average price of $4.76 and a 200 day moving average price of $4.29. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of -245.00, a P/E/G ratio of 2.26 and a beta of 0.90.

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

Analyst Ratings Changes

A number of research firms recently commented on GRAB. Barclays raised their price objective on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday. China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective on the stock. in a research note on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective on the stock in a research note on Friday. Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Grab in a research note on Thursday. Finally, Mizuho raised their price objective on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.62.

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.