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

Empowered Funds LLC boosted its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 13.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,608 shares of the company’s stock after acquiring an additional 5,820 shares during the quarter. Empowered Funds LLC’s holdings in Grab were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in 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 worth $1,249,000 after buying an additional 42,824 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock worth $22,220,000 after buying an additional 134,243 shares during the period. Leo Wealth LLC increased its position in Grab by 109.1% during the fourth quarter. Leo Wealth LLC now owns 37,913 shares of the company’s stock worth $179,000 after buying an additional 19,778 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Grab by 1.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,124,409 shares of the company’s stock worth $5,307,000 after buying an additional 17,517 shares during the period. Finally, abrdn plc increased its position in Grab by 8.6% during the fourth quarter. abrdn plc now owns 928,553 shares of the company’s stock worth $4,383,000 after buying an additional 73,193 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Up 2.5 %

Grab stock opened at $4.90 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a market cap of $19.73 billion, a PE ratio of -245.00, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. The stock’s 50 day moving average price is $4.76 and its 200 day moving average price is $4.28.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. On average, sell-side analysts predict that Grab Holdings Limited will post -0.02 EPS for the current fiscal year.

Analyst Ratings Changes

GRAB has been the topic of a number of recent research reports. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Mizuho boosted their target price on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Evercore ISI boosted their target price on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays boosted their target price on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.62.

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.