Daiwa Securities Group Inc. bought a new stake in $Grab Holdings(GRAB)$ during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 59,400 shares of the company’s stock, valued at approximately $208,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GRAB. SB Investment Advisers UK Ltd. bought a new stake in Grab in the fourth quarter valued at $4,985,119,000. Mufg Bank LTD. bought a new stake in shares of Grab during the fourth quarter worth about $1,373,168,000. Capital Research Global Investors bought a new stake in shares of Grab during the fourth quarter worth about $504,301,000. Invesco Ltd. bought a new stake in shares of Grab during the fourth quarter worth about $317,176,000. Finally, Capital International Investors bought a new stake in shares of Grab during the fourth quarter worth about $131,126,000. 46.25% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on GRAB shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Grab in a research report on Friday, June 17th. They set a “buy” rating and a $3.20 target price for the company. HSBC reduced their price objective on shares of Grab from $7.50 to $4.75 and set a “buy” rating for the company in a research report on Monday, May 23rd. Sanford C. Bernstein raised shares of Grab from a “market perform” rating to an “outperform” rating and set a $3.04 price objective for the company in a research report on Tuesday, May 31st. KGI Securities initiated coverage on shares of Grab in a research report on Monday, June 6th. They issued a “neutral” rating for the company. Finally, Evercore ISI reduced their price objective on shares of Grab from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.57.
Grab Price PerformanceGRABopened at $2.75 on Tuesday. The company has a current ratio of 8.07, a quick ratio of 8.03 and a debt-to-equity ratio of 0.27. Grab Holdings Limited has a twelve month low of $2.26 and a twelve month high of $13.29. The company’s 50-day moving average price is $2.62 and its two-hundred day moving average price is $3.72.
Grab last announced its quarterly earnings results on Thursday, May 19th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $134.87 million. As a group, equities analysts predict that Grab Holdings Limited will post -0.35 EPS for the current year.
source: etfdailynews
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