Aviva PLC Reduces Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Aviva PLC lowered its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,744,943 shares of the company’s stock after selling 514,660 shares during the quarter. Aviva PLC owned approximately 0.14% of Grab worth $27,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in Grab by 1,032.5% in the fourth quarter. Wells Fargo & Company MN now owns 225,155 shares of the company’s stock worth $1,063,000 after acquiring an additional 205,274 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Grab in the 4th quarter worth $2,810,000. ExodusPoint Capital Management LP lifted its position in Grab by 77.2% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,026,150 shares of the company’s stock valued at $4,843,000 after purchasing an additional 446,965 shares in the last quarter. SevenBridge Financial Group LLC bought a new stake in Grab during the fourth quarter valued at about $48,000. Finally, Headlands Technologies LLC increased its position in Grab by 52.4% in the fourth quarter. Headlands Technologies LLC now owns 1,169,562 shares of the company’s stock worth $5,520,000 after buying an additional 402,320 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Shares of Grab stock opened at $3.73 on Monday. The firm has a market cap of $15.02 billion, a PE ratio of -186.50, a PEG ratio of 2.26 and a beta of 0.88. The stock has a 50 day moving average of $4.66 and a 200 day moving average of $4.56. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. 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 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 net margin of 3.72% and a negative return on equity of 1.63%. On average, research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and dropped their price target 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. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Two equities research 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.62.

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.