ANTIPODES PARTNERS Ltd Invests $585,000 in Grab Holdings Limited (NASDAQ:GRAB)

ANTIPODES PARTNERS Ltd acquired a new position in Grab Holdings Limited (NASDAQ:GRABFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 123,941 shares of the company’s stock, valued at approximately $585,000.

A number of other institutional investors have also made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in Grab during the fourth quarter worth about $30,000. SeaBridge Investment Advisors LLC acquired a new stake in Grab during the fourth quarter worth about $48,000. New York Life Investment Management LLC acquired a new stake in Grab during the fourth quarter worth about $48,000. Atria Wealth Solutions Inc. acquired a new stake in Grab during the fourth quarter worth about $49,000. Finally, Sanctuary Advisors LLC acquired a new stake in Grab during the fourth quarter worth about $50,000. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Performance

GRAB stock opened at $4.22 on Thursday. 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 50 day moving average price of $4.69 and a 200 day moving average price of $4.41. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The stock has a market capitalization of $16.99 billion, a PE ratio of -211.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRABGet Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $762.57 million. Analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Upgrades and Downgrades

GRAB has been the topic of a number of recent research reports. China Renaissance downgraded 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. 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 report on Friday, February 21st. Citigroup reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Mizuho lifted their price objective on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.62.

Get Our Latest Stock Report on Grab

Grab Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

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