Deltec Asset Management LLC Acquires 2,027,655 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Deltec Asset Management LLC lifted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 827.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,272,655 shares of the company’s stock after acquiring an additional 2,027,655 shares during the period. Grab makes up about 1.4% of Deltec Asset Management LLC’s investment portfolio, making the stock its 19th biggest position. Deltec Asset Management LLC owned 0.06% of Grab worth $7,136,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Optas LLC acquired a new stake in shares of Grab during the 4th quarter worth about $36,000. Meridian Wealth Partners LLC acquired a new stake in shares of Grab during the fourth quarter worth approximately $36,000. Lane & Associates LLC bought a new position in shares of Grab in the first quarter valued at approximately $39,000. Sivia Capital Partners LLC acquired a new position in shares of Grab in the 4th quarter worth approximately $47,000. Finally, Cerity Partners LLC bought a new stake in Grab during the 4th quarter worth approximately $58,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Up 0.3 %

Shares of GRAB traded up $0.01 on Friday, reaching $3.55. 14,058,742 shares of the company’s stock were exchanged, compared to its average volume of 18,333,696. Grab Holdings Limited has a 12 month low of $2.90 and a 12 month high of $3.92. The stock has a market capitalization of $13.93 billion, a P/E ratio of -50.71 and a beta of 0.82. The company has a current ratio of 3.26, a quick ratio of 3.22 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $3.58 and a two-hundred day moving average price of $3.35.

Grab (NASDAQ:GRAB) last issued its earnings results on Wednesday, May 15th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Grab had a negative net margin of 11.86% and a negative return on equity of 4.62%. The business had revenue of $653.00 million for the quarter, compared to the consensus estimate of $662.48 million. Research analysts anticipate that Grab Holdings Limited will post -0.01 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on GRAB. Mizuho initiated coverage on Grab in a research report on Thursday. They issued an “outperform” rating and a $5.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Grab in a research report on Thursday, May 16th. Barclays raised their price objective on shares of Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Grab in a research report on Friday, May 17th. They set a “buy” rating and a $4.50 target price on the stock. Finally, HSBC reissued a “buy” rating and issued a $4.30 price target on shares of Grab in a report on Thursday, April 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $5.06.

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.