Virtu Financial LLC Invests $191,000 in Grab Holdings Limited (NASDAQ:GRAB)

Virtu Financial LLC bought a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 56,818 shares of the company’s stock, valued at approximately $191,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Grab by 7.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,159,898 shares of the company’s stock worth $4,106,000 after purchasing an additional 83,740 shares during the last quarter. Rhumbline Advisers increased its holdings in Grab by 23.7% during the third quarter. Rhumbline Advisers now owns 685,978 shares of the company’s stock worth $2,428,000 after buying an additional 131,513 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Grab by 9.5% during the third quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company’s stock worth $148,000 after acquiring an additional 3,632 shares in the last quarter. FMR LLC lifted its stake in Grab by 2,898.6% in the third quarter. FMR LLC now owns 4,581,183 shares of the company’s stock valued at $16,217,000 after acquiring an additional 4,428,407 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of Grab in the 3rd quarter valued at about $1,416,000. Institutional investors own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GRAB. Barclays raised their target price on shares of Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, May 16th. HSBC reissued a “buy” rating and set a $4.30 target price on shares of Grab in a report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Grab in a report on Friday, May 17th. They set a “buy” rating and a $4.50 price target for the company. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Grab presently has a consensus rating of “Buy” and a consensus price target of $5.07.

Grab Stock Performance

NASDAQ:GRAB opened at $3.54 on Monday. The company has a current ratio of 3.26, a quick ratio of 3.22 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $3.56 and a 200 day simple moving average of $3.34. Grab Holdings Limited has a 1-year low of $2.90 and a 1-year high of $3.92. The stock has a market cap of $13.89 billion, a P/E ratio of -50.56 and a beta of 0.82.

Grab (NASDAQ:GRAB) last posted its earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. The firm had revenue of $653.00 million for the quarter, compared to analyst estimates of $662.48 million. Research analysts anticipate that Grab Holdings Limited will post -0.01 earnings per share for the current year.

About Grab

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.