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

ANTIPODES PARTNERS Ltd acquired a new position in Grab Holdings Limited (NASDAQ:GRAB) 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:GRAB) 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.

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.