Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,124,409 shares of the company’s stock after buying an additional 17,517 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Grab were worth $5,307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GRAB. abrdn plc boosted its position in Grab by 8.6% during the 4th quarter. abrdn plc now owns 928,553 shares of the company’s stock worth $4,383,000 after acquiring an additional 73,193 shares during the period. SeaBridge Investment Advisors LLC acquired a new stake in Grab in the fourth quarter worth about $48,000. Heck Capital Advisors LLC bought a new position in Grab in the 4th quarter valued at about $321,000. Milestone Asset Management LLC acquired a new position in Grab during the 4th quarter valued at about $366,000. Finally, Baader Bank Aktiengesellschaft raised its position in shares of Grab by 764.5% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company’s stock worth $1,487,000 after buying an additional 278,563 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Grab Stock Up 2.6 %

Grab stock opened at $4.79 on Friday. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. 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 firm has a market cap of $19.29 billion, a PE ratio of -239.50, a P/E/G ratio of 1.91 and a beta of 0.90. The firm’s 50 day moving average price is $4.82 and its two-hundred day moving average price is $4.16.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. During the same period last year, the company earned ($0.02) earnings per share. On average, research analysts predict that Grab Holdings Limited will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GRAB shares. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a research report on Thursday, November 21st. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Tuesday, November 12th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, Barclays increased their target price on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and an average target price of $5.54.

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.