2 weeks Ago By Defense World Staff
Cerity Partners LLC cut its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,255 shares of the company’s stock after selling 5,986 shares during the period.
Cerity Partners LLC’s holdings in Grab were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds also recently added to or reduced their stakes in the business. Twin Tree Management LP acquired a new position in shares of Grab in the 4th quarter valued at about $25,000.
Campbell Capital Management Inc. acquired a new position in Grab in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC purchased a new stake in Grab in the 4th quarter worth approximately $30,000.
TD Private Client Wealth LLC grew its stake in shares of Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after purchasing an additional 7,890 shares during the period.
Finally, Allianz SE purchased a new position in shares of Grab during the 4th quarter valued at approximately $44,000. 55.52% of the stock is owned by hedge funds and other institutional investors.
Grab Trading Up 6.8 %Shares of GRAB opened at $4.68 on Friday.
Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72.
The stock has a market cap of $18.85 billion, a PE ratio of -234.00, a price-to-earnings-growth ratio of 2.
26 and a beta of 0.88. The firm’s fifty day moving average is $4.
44 and its two-hundred day moving average is $4.58. The company has a quick ratio of 2.
67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.
Grab (NASDAQ:GRAB – Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.
01. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.
57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.
63%. Research analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.
Analyst Upgrades and DowngradesGRAB has been the topic of several analyst reports. CLSA upgraded shares of Grab to a “moderate buy” rating in a research report on Wednesday, April 9th. Benchmark restated a “buy” rating and set a $6.
00 target price on shares of Grab in a research report on Thursday, February 20th. HSBC upgraded Grab from a “hold” rating to a “buy” rating and cut their price target for the company from $5.50 to $5.
45 in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on Grab from $5.
60 to $5.30 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th.
Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.60.
View Our Latest Report on GrabGrab Profile (Free Report)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.Recommended StoriesFive stocks we like better than GrabThe How And Why of Investing in Oil Stocks2 Strong Utilities Plays With Booming Earnings and Room to GrowA Deeper Look at Bid-Ask SpreadsWhy Smart Investors Don’t Panic in Election SeasonWhat Does Downgrade Mean in Investing?Now Is the Time to Buy ServiceNow—The Rebound Is RealWant to see what other hedge funds are holding GRAB? Visit HoldingsChannel.
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