Empowered Funds LLC Has $166,000 Stake in Grab Holdings Limited (NASDAQ:GRAB)

Empowered Funds LLC raised its stake in Grab Holdings Limited (NASDAQ:GRAB) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,788 shares of the company’s stock after acquiring an additional 3,147 shares during the period. Empowered Funds LLC’s holdings in Grab were worth $166,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Grab by 53.6% during the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after purchasing an additional 3,408 shares in the last quarter. Sage Rhino Capital LLC acquired a new stake in shares of Grab during the second quarter worth approximately $38,000. Traynor Capital Management Inc. bought a new position in shares of Grab in the third quarter valued at approximately $41,000. Dorsey & Whitney Trust CO LLC boosted its holdings 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 worth $50,000 after acquiring an additional 3,795 shares in the last quarter. Finally, Prospect Financial Services LLC bought a new stake in Grab during the 2nd quarter worth approximately $53,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Up 0.2 %

Shares of GRAB stock opened at $5.15 on Wednesday. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $5.72. The stock’s fifty day simple moving average is $4.13 and its 200 day simple moving average is $3.69. 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 firm has a market capitalization of $20.74 billion, a P/E ratio of -257.50 and a beta of 0.81.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $705.40 million. During the same period in the prior year, the business posted ($0.02) earnings per share. As a group, sell-side analysts predict that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on GRAB shares. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a report on Tuesday, November 12th. 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 report on Thursday, November 21st. Barclays boosted their target price on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Mizuho increased their price target 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. Finally, Evercore ISI raised their price target on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.42.

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.