Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft raised its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 764.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 315,000 shares of the company’s stock after acquiring an additional 278,563 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Grab were worth $1,487,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Grab by 168.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 221,135 shares of the company’s stock worth $785,000 after buying an additional 138,620 shares during the last quarter. APG Asset Management N.V. raised its holdings in Grab by 533.9% during the second quarter. APG Asset Management N.V. now owns 193,174 shares of the company’s stock worth $640,000 after purchasing an additional 162,700 shares in the last quarter. MBB Public Markets I LLC purchased a new position in shares of Grab during the 2nd quarter worth approximately $539,000. The Manufacturers Life Insurance Company raised its stake in shares of Grab by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,386,008 shares of the company’s stock worth $19,120,000 after buying an additional 129,604 shares in the last quarter. Finally, Algert Global LLC purchased a new position in shares of Grab during the 2nd quarter worth approximately $314,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Trading Up 4.8 %

Shares of GRAB opened at $4.78 on Thursday. The company has a market capitalization of $19.25 billion, a P/E ratio of -239.00, a P/E/G ratio of 1.84 and a beta of 0.90. 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 stock has a 50-day moving average price of $4.89 and a 200 day moving average price of $4.11. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The business had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $705.40 million. During the same quarter last year, the company posted ($0.02) earnings per share. Sell-side analysts forecast that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America upgraded Grab from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. China Renaissance downgraded shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target for the company. in a report on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Grab in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on shares of Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.55.

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.