Isthmus Partners LLC Invests $86,000 in Grab Holdings Limited (NASDAQ:GRAB)

Isthmus Partners LLC bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,300 shares of the company’s stock, valued at approximately $86,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GRAB. Global Retirement Partners LLC acquired a new position in Grab during the fourth quarter worth about $30,000. SeaBridge Investment Advisors LLC acquired a new position in Grab during the fourth quarter worth about $48,000. New York Life Investment Management LLC acquired a new position in Grab during the fourth quarter worth about $48,000. Atria Wealth Solutions Inc. acquired a new position in Grab during the fourth quarter worth about $49,000. Finally, Sanctuary Advisors LLC acquired a new position in Grab during the fourth quarter worth about $50,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of GRAB opened at $4.12 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of -206.00, a PEG ratio of 2.26 and a beta of 0.88. The company’s 50 day simple moving average is $4.71 and its 200 day simple moving average is $4.41. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. On average, sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on GRAB. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and lowered their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Barclays increased their price target on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Grab in a research report 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.