Grab Holdings Limited (NASDAQ:GRAB) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 0.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,982,353 shares of the company’s stock after purchasing an additional 8,364 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Grab were worth $18,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Prospect Financial Services LLC increased its holdings in shares of Grab by 214.7% during the 4th quarter. Prospect Financial Services LLC now owns 47,200 shares of the company’s stock worth $223,000 after buying an additional 32,200 shares during the last quarter. Matthews International Capital Management LLC increased its holdings in Grab by 34.4% in the 4th quarter. Matthews International Capital Management LLC now owns 4,874,167 shares of the company’s stock valued at $23,006,000 after purchasing an additional 1,247,339 shares in the last quarter. Baldwin Wealth Partners LLC MA acquired a new stake in Grab in the 4th quarter valued at $67,000. Mount Yale Investment Advisors LLC acquired a new stake in Grab in the 4th quarter valued at $262,000. Finally, Blue Trust Inc. increased its holdings in Grab by 57.1% in the 4th quarter. Blue Trust Inc. now owns 15,348 shares of the company’s stock valued at $72,000 after purchasing an additional 5,581 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GRAB has been the subject of several recent research reports. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 price target for the company. in a report on Thursday, November 21st. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. HSBC downgraded Grab from a “buy” rating to a “hold” rating and increased their price target for the company from $4.25 to $5.50 in a report on Thursday, December 5th. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, Mizuho raised their target price on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.55.

Grab Stock Down 1.3 %

NASDAQ:GRAB opened at $4.58 on Friday. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of -229.00, a price-to-earnings-growth ratio of 1.99 and a beta of 0.90. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The stock has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $4.12. 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 posted its quarterly earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The business 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 period last year, the firm earned ($0.02) earnings per share. Sell-side analysts predict that Grab Holdings Limited will post -0.02 EPS for the current fiscal year.

About Grab

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.