Nordea Investment Management AB Has $81.36 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Nordea Investment Management AB grew its position in Grab Holdings Limited (NASDAQ:GRAB) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,181,844 shares of the company’s stock after purchasing an additional 2,297,932 shares during the period. Nordea Investment Management AB owned about 0.43% of Grab worth $81,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares during the period. Traynor Capital Management Inc. acquired a new position in Grab in the 3rd quarter worth $41,000. Glenmede Trust Co. NA bought a new position in Grab during the 3rd quarter worth about $53,000. Dorsey & Whitney Trust CO LLC raised its stake in shares of Grab by 37.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after purchasing an additional 3,795 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in shares of Grab in the second quarter valued at about $65,000. 55.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GRAB shares. Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Grab in a report on Tuesday, November 12th. Mizuho lifted their price objective on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Bank of America upgraded shares of 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 report on Tuesday. China Renaissance lowered shares of 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. Finally, HSBC downgraded shares of Grab from a “buy” rating to a “hold” rating and increased their price objective for the stock from $4.25 to $5.50 in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.55.

Grab Price Performance

Shares of NASDAQ GRAB opened at $4.74 on Wednesday. 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’s 50 day moving average price is $4.90 and its two-hundred day moving average price is $4.00. The company has a market cap of $19.09 billion, a PE ratio of -237.00 and a beta of 0.90. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $5.72.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $705.40 million. During the same quarter in the prior year, the business earned ($0.02) EPS. On average, analysts predict that Grab Holdings Limited will post -0.03 EPS for the current year.

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.