Vestmark Advisory Solutions Inc. Sells 7,078 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,197 shares of the company’s stock after selling 7,078 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Grab were worth $279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GRAB. Perpetual Ltd bought a new stake in Grab during the 4th quarter valued at approximately $213,177,000. Wellington Management Group LLP raised its stake in Grab by 13.4% during the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock valued at $472,394,000 after purchasing an additional 14,671,388 shares during the period. Tree Line Advisors Hong Kong Ltd. bought a new stake in Grab during the 3rd quarter valued at approximately $38,000,000. Assenagon Asset Management S.A. raised its stake in Grab by 109.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company’s stock valued at $79,989,000 after purchasing an additional 8,868,071 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Grab by 179.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock valued at $47,357,000 after purchasing an additional 8,004,912 shares during the period. Institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI lifted 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. HSBC raised Grab from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective on the stock in a research note on Friday, February 21st. Citigroup reaffirmed a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Finally, Barclays lifted their price objective on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Grab currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.62.

Grab Stock Down 0.2 %

Shares of NASDAQ GRAB opened at $4.59 on Monday. The company has a market cap of $18.48 billion, a P/E ratio of -229.50, a PEG ratio of 2.26 and a beta of 0.88. The firm has a 50-day simple moving average of $4.72 and a two-hundred day simple moving average of $4.40. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

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

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.