Grab Holdings Limited (NASDAQ:GRAB) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,135,957 shares of the company’s stock after acquiring an additional 1,272,284 shares during the quarter. Sei Investments Co. owned approximately 0.28% of Grab worth $52,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Twin Tree Management LP purchased a new stake in shares of Grab during the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new position in shares of Grab during the 4th quarter worth $30,000. Campbell Capital Management Inc. acquired a new stake in shares of Grab during the 4th quarter worth about $30,000. TD Private Client Wealth LLC boosted its stake in Grab by 7,238.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after buying an additional 7,890 shares during the period. Finally, SeaBridge Investment Advisors LLC acquired a new stake in shares of Grab during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

NASDAQ:GRAB opened at $4.64 on Monday. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The stock has a market cap of $18.69 billion, a P/E ratio of -232.00, a PEG ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm has a 50-day moving average of $4.66 and a two-hundred day moving average of $4.48.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective for the company in a research report on Friday, February 21st. HSBC raised Grab from a “hold” rating to a “buy” rating and decreased their target price for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Grab 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 note on Tuesday, February 4th. Finally, Citigroup reissued a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.