SevenBridge Financial Group LLC Invests $48,000 in Grab Holdings Limited (NASDAQ:GRAB)

SevenBridge Financial Group LLC purchased a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FNY Investment Advisers LLC grew its holdings in Grab by 13.9% during the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock valued at $135,000 after buying an additional 3,500 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Grab by 40.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company’s stock valued at $69,000 after acquiring an additional 4,250 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Grab by 1.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company’s stock valued at $1,658,000 after acquiring an additional 4,412 shares in the last quarter. Vestcor Inc grew its stake in Grab by 16.6% during the fourth quarter. Vestcor Inc now owns 33,602 shares of the company’s stock valued at $159,000 after acquiring an additional 4,776 shares in the last quarter. Finally, Traynor Capital Management Inc. increased its holdings in Grab by 47.7% during the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company’s stock worth $75,000 after acquiring an additional 5,100 shares during the period. 55.52% of the stock is owned by institutional investors.

Grab Trading Up 1.3 %

GRAB stock opened at $4.61 on Thursday. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The company has a market capitalization of $18.56 billion, a PE ratio of -230.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company’s 50 day moving average price is $4.68 and its two-hundred day moving average price is $4.54. 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 Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. As a group, analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target for the company in a report on Friday, February 21st. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. Bank of America upgraded Grab from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Barclays raised their target price on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.62.

Grab 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.