Brown Advisory Inc. bought a new position in Grab Holdings Limited (NASDAQ:GRAB–Get Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 33,130 shares of the company’s stock, valued at approximately $116,000.
A number of other institutional investors have also bought and sold shares of GRAB. SB Investment Advisers UK Ltd. purchased a new position in Grab in the 4th quarter worth approximately $4,985,119,000. Mufg Bank LTD. purchased a new position in Grab in the 4th quarter worth approximately $1,373,168,000. Capital Research Global Investors purchased a new position in Grab in the 4th quarter worth approximately $504,301,000. Invesco Ltd. purchased a new stake in shares of Grab during the 4th quarter valued at approximately $317,176,000. Finally, Capital International Investors purchased a new stake in shares of Grab during the 4th quarter valued at approximately $131,126,000. 46.25% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Citigroup reduced their price target on shares of Grab from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Sanford C. Bernstein raised shares of Grab from a “market perform” rating to an “outperform” rating and set a $3.04 price target on the stock in a research report on Tuesday, May 31st. Evercore ISI reduced their price target on shares of Grab from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, July 7th. HSBC reduced their price target on shares of Grab from $7.50 to $4.75 and set a “buy” rating on the stock in a research report on Monday, May 23rd. Finally, KGI Securities assumed coverage on shares of Grab in a research report on Monday, June 6th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.55.
Grab Stock Performance
NASDAQ:GRABopened at $3.85 on Monday. The company has a fifty day simple moving average of $2.82 and a two-hundred day simple moving average of $3.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.03 and a current ratio of 8.07. Grab Holdings Limited has a 52 week low of $2.26 and a 52 week high of $13.29.
Grab (NASDAQ:GRAB–Get Rating) last posted its quarterly earnings results on Thursday, May 19th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $228.00 million during the quarter, compared to analyst estimates of $134.87 million. Sell-side analysts predict that Grab Holdings Limited will post -0.33 earnings per share for the current year.
source:defenseworld
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