Headlands Technologies LLC Raises Stake in Grab Holdings Limited (NASDAQ:GRAB)

Headlands Technologies LLC grew its position in Grab Holdings Limited (NASDAQ:GRAB) by 52.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,169,562 shares of the company’s stock after purchasing an additional 402,320 shares during the quarter. Grab makes up about 0.6% of Headlands Technologies LLC’s investment portfolio, making the stock its 26th largest holding. Headlands Technologies LLC’s holdings in Grab were worth $5,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Grab by 13.4% in the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock worth $472,394,000 after buying an additional 14,671,388 shares in the last quarter. Hanwha Asset Management Co. Ltd. bought a new position in shares of Grab in the fourth quarter worth about $227,718,000. Baillie Gifford & Co. grew its position in shares of Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock worth $221,942,000 after purchasing an additional 4,259,537 shares in the last quarter. Perpetual Ltd bought a new stake in Grab during the 4th quarter valued at approximately $213,177,000. Finally, State Street Corp lifted its holdings in Grab by 2.3% in the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company’s stock worth $165,567,000 after purchasing an additional 967,233 shares in the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Trading Down 0.9 %

Shares of GRAB stock opened at $4.53 on Tuesday. The company has a market cap of $18.24 billion, a PE ratio of -226.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The stock’s 50 day simple moving average is $4.69 and its two-hundred day simple moving average is $4.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $764.00 million for 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%. Research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GRAB shares. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and cut their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Barclays lifted their price target on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded 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. Finally, Bank of America raised Grab from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.