Virtu Financial LLC Invests $1.63 Million in Grab Holdings Limited (NASDAQ:GRAB)

Virtu Financial LLC acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 345,007 shares of the company’s stock, valued at approximately $1,628,000.

Several other hedge funds have also recently made changes to their positions in GRAB. Quantbot Technologies LP acquired a new position in Grab during the fourth quarter valued at $4,342,000. TD Private Client Wealth LLC grew its stake in Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after acquiring an additional 7,890 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Grab by 1.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company’s stock valued at $1,658,000 after acquiring an additional 4,412 shares in the last quarter. Contrarius Group Holdings Ltd purchased a new stake in Grab during the 4th quarter valued at about $8,586,000. Finally, Teacher Retirement System of Texas grew its stake in Grab by 85.8% during the 4th quarter. Teacher Retirement System of Texas now owns 1,042,121 shares of the company’s stock valued at $4,919,000 after acquiring an additional 481,363 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on GRAB. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a report on Friday, February 21st. Citigroup restated a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Barclays increased 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. Finally, Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Grab currently has an average rating of “Moderate Buy” and a consensus target price of $5.62.

Grab Trading Up 1.3 %

NASDAQ GRAB opened at $4.64 on Friday. 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 firm’s fifty day moving average price is $4.66 and its 200 day moving average price is $4.47. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of -232.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72.

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

About Grab

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.