DekaBank Deutsche Girozentrale Purchases 739,644 Shares of Grab Holdings Limited (NASDAQ:GRAB)

DekaBank Deutsche Girozentrale grew its position in Grab Holdings Limited (NASDAQ:GRAB) by 276.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,006,855 shares of the company’s stock after buying an additional 739,644 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Grab were worth $3,367,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Lake Street Advisors Group LLC grew its holdings in Grab by 0.4% during the 3rd quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company’s stock worth $2,465,000 after acquiring an additional 2,972 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Grab by 12.9% during the third quarter. FNY Investment Advisers LLC now owns 26,200 shares of the company’s stock valued at $92,000 after purchasing an additional 3,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Grab by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 190,012 shares of the company’s stock valued at $652,000 after buying an additional 3,295 shares during the period. PNC Financial Services Group Inc. raised its stake in Grab by 9.5% in the third quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company’s stock worth $148,000 after buying an additional 3,632 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Grab by 0.6% during the third quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company’s stock worth $2,365,000 after buying an additional 4,200 shares during the period. Institutional investors own 55.52% of the company’s stock.

Grab Price Performance

NASDAQ GRAB opened at $3.33 on Friday. The company has a market cap of $13.06 billion, a price-to-earnings ratio of -33.30 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.90 and a quick ratio of 3.87. The stock’s fifty day moving average price is $3.24 and its 200 day moving average price is $3.23. Grab Holdings Limited has a 1 year low of $2.67 and a 1 year high of $3.92.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. Grab had a negative return on equity of 6.77% and a negative net margin of 18.43%. The business had revenue of $653.00 million for the quarter, compared to the consensus estimate of $633.82 million. During the same quarter in the previous year, the business earned ($0.10) EPS. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. As a group, equities research analysts forecast that Grab Holdings Limited will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GRAB shares. JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $3.60 to $3.80 in a research report on Thursday, January 18th. HSBC reaffirmed a “buy” rating and issued a $4.30 price objective on shares of Grab in a research report on Thursday, April 4th. Finally, Barclays decreased their target price on shares of Grab from $4.50 to $4.30 and set an “overweight” rating for the company in a research report on Monday, February 5th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $5.10.

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.