Grab Holdings Limited (NASDAQ:GRAB) Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC increased its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,700 shares of the company’s stock after buying an additional 3,500 shares during the quarter. FNY Investment Advisers LLC’s holdings in Grab were worth $135,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GRAB. Point72 Asset Management L.P. acquired a new stake in shares of Grab in the 2nd quarter worth about $57,696,000. Wellington Management Group LLP grew its position 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 purchasing an additional 14,671,388 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. acquired a new stake in shares of Grab in the third quarter valued at approximately $38,000,000. Marshall Wace LLP increased its stake in shares of Grab by 39.7% in the second quarter. Marshall Wace LLP now owns 30,405,993 shares of the company’s stock valued at $107,941,000 after purchasing an additional 8,635,310 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Grab by 179.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock valued at $47,357,000 after buying an additional 8,004,912 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Performance

NASDAQ:GRAB opened at $4.36 on Wednesday. The company has a 50-day moving average of $4.94 and a 200-day moving average of $4.03. The firm has a market cap of $17.56 billion, a price-to-earnings ratio of -218.00 and a beta of 0.90. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $5.72.

Grab (NASDAQ:GRAB) last issued its earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $716.00 million during the quarter, compared to analysts’ expectations of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same period last year, the firm posted ($0.02) earnings per share. Analysts forecast that Grab Holdings Limited will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Evercore ISI raised their target price on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a research note on Tuesday, November 12th. Hsbc Global Res cut shares of Grab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and increased their target price for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, Mizuho boosted their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.55.

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.