Los Angeles Capital Management LLC Purchases 29,538 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Los Angeles Capital Management LLC grew its position in Grab Holdings Limited (NASDAQ:GRAB) by 49.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,040 shares of the company’s stock after purchasing an additional 29,538 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Grab were worth $420,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in Grab during the fourth quarter valued at $30,000. SeaBridge Investment Advisors LLC acquired a new position in shares of Grab in the 4th quarter valued at about $48,000. Atria Wealth Solutions Inc. bought a new stake in shares of Grab during the 4th quarter valued at about $49,000. Sanctuary Advisors LLC acquired a new stake in Grab during the fourth quarter worth approximately $50,000. Finally, Glenmede Trust Co. NA bought a new stake in Grab in the third quarter worth approximately $53,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of Grab stock opened at $4.73 on Tuesday. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $4.74 and a 200-day moving average price of $4.36. The company has a market cap of $19.05 billion, a PE ratio of -236.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Equities analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a report on Thursday, November 21st. Mizuho raised their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays upped their price objective on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Evercore ISI raised their target price on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Grab has a consensus rating of “Moderate Buy” and an average target price of $5.62.

Grab Company 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.