Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in Grab Holdings Limited (NASDAQ:GRAB) by 137.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,094,662 shares of the company’s stock after purchasing an additional 7,004,116 shares during the quarter. Russell Investments Group Ltd. owned about 0.30% of Grab worth $57,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Twin Tree Management LP acquired a new stake in Grab in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new position in shares of Grab in the fourth quarter worth $30,000. Campbell Capital Management Inc. acquired a new position in shares of Grab during the fourth quarter valued at $30,000. TD Private Client Wealth LLC lifted its holdings in Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after purchasing an additional 7,890 shares during the period. Finally, Allianz SE acquired a new stake in Grab in the fourth quarter worth about $44,000. Institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and dropped their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Citigroup reaffirmed a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised 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, February 21st. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Finally, 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 report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Grab currently has an average rating of “Moderate Buy” and a consensus price target of $5.62.

Grab Stock Performance

Grab stock opened at $3.73 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The company has a market cap of $15.02 billion, a P/E ratio of -186.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The firm’s 50 day simple moving average is $4.66 and its 200-day simple moving average is $4.56.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $762.57 million. As a group, equities research analysts predict that Grab Holdings Limited will post 0.05 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.