Vinva Investment Management Ltd Buys 241,498 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Vinva Investment Management Ltd grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 47.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 755,587 shares of the company’s stock after buying an additional 241,498 shares during the period. Vinva Investment Management Ltd’s holdings in Grab were worth $3,597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Tree Management LP bought a new stake in shares of Grab during the fourth quarter valued at about $25,000. Global Retirement Partners LLC bought a new position in shares of Grab in the fourth quarter worth approximately $30,000. Campbell Capital Management Inc. bought a new position in shares of Grab in the fourth quarter worth approximately $30,000. SeaBridge Investment Advisors LLC bought a new position in shares of Grab in the fourth quarter worth approximately $48,000. Finally, New York Life Investment Management LLC bought a new position in shares of Grab in the fourth quarter worth approximately $48,000. 55.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on GRAB shares. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective on the stock in a research report on Friday, February 21st. Finally, Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.62.

Grab Stock Performance

NASDAQ:GRAB opened at $4.71 on Thursday. The firm has a market cap of $18.97 billion, a PE ratio of -235.50, 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 company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The business has a 50 day moving average price of $4.66 and a 200-day moving average price of $4.46.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Equities research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Grab 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.