Grab Holdings Limited (NASDAQ:GRAB) Stock Position Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Grab Holdings Limited (NASDAQ:GRAB) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,089,304 shares of the company’s stock after selling 153,858 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.50% of Grab worth $95,223,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GRAB. Aubrey Capital Management Ltd bought a new stake in Grab in the fourth quarter worth approximately $19,643,000. Empowered Funds LLC lifted its stake in shares of Grab by 13.3% in the 4th quarter. Empowered Funds LLC now owns 49,608 shares of the company’s stock valued at $234,000 after purchasing an additional 5,820 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Grab by 19.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 264,669 shares of the company’s stock worth $1,249,000 after purchasing an additional 42,824 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock worth $22,220,000 after buying an additional 134,243 shares during the last quarter. Finally, Leo Wealth LLC increased its position in Grab by 109.1% during the fourth quarter. Leo Wealth LLC now owns 37,913 shares of the company’s stock worth $179,000 after buying an additional 19,778 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Up 4.6 %

Shares of GRAB opened at $5.00 on Thursday. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The firm has a market capitalization of $20.14 billion, a P/E ratio of -250.00, a P/E/G ratio of 1.95 and a beta of 0.90. The company has a 50-day simple moving average of $4.80 and a 200-day simple moving average of $4.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GRAB shares. Barclays upped their price target on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Evercore ISI upped their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Tuesday, November 12th. Mizuho upped their price objective on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and dropped their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Three 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 data from MarketBeat.com, Grab currently has a consensus rating of “Moderate Buy” and a consensus price target 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.