Candriam S.C.A. Makes New Investment in Grab Holdings Limited (NASDAQ:GRAB)

Candriam S.C.A. purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,000 shares of the company’s stock, valued at approximately $80,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Grab by 13.4% during the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock worth $472,394,000 after purchasing an additional 14,671,388 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after acquiring an additional 4,259,537 shares during the last quarter. Perpetual Ltd bought a new stake in shares of Grab in the 4th quarter valued at about $213,177,000. State Street Corp lifted its stake in shares of Grab by 2.3% in the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company’s stock valued at $165,567,000 after acquiring an additional 967,233 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Grab by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 20,666,618 shares of the company’s stock valued at $77,414,000 after acquiring an additional 591,898 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Stock Down 10.2 %

GRAB stock opened at $4.12 on Tuesday. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The business’s 50 day moving average price is $4.71 and its two-hundred day moving average price is $4.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of -206.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

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

Analysts Set New Price Targets

GRAB has been the subject of a number of recent research reports. China Renaissance lowered Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a research note on Thursday, November 21st. HSBC raised Grab from a “hold” rating to a “buy” rating and lowered their target price for the company from $5.50 to $5.45 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 target price for the company in a research note on Friday, February 21st. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.