Metis Global Partners LLC Increases Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Metis Global Partners LLC raised its position in Grab Holdings Limited (NASDAQ:GRAB) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,262 shares of the company’s stock after purchasing an additional 5,221 shares during the period. Metis Global Partners LLC’s holdings in Grab were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GRAB. Blue Trust Inc. boosted its position in shares of Grab by 53.6% during the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after acquiring an additional 3,408 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in Grab during the third quarter valued at approximately $41,000. Sage Rhino Capital LLC purchased a new position in Grab in the 2nd quarter worth approximately $38,000. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Grab by 37.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock worth $50,000 after buying an additional 3,795 shares during the last quarter. Finally, Prospect Financial Services LLC purchased a new stake in shares of Grab during the 2nd quarter valued at $53,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Price Performance

Shares of Grab stock opened at $5.46 on Wednesday. The firm has a market cap of $21.42 billion, a PE ratio of -273.00 and a beta of 0.81. The company’s fifty day simple moving average is $3.97 and its two-hundred day simple moving average is $3.64. 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 Holdings Limited has a 12-month low of $2.90 and a 12-month high of $5.54.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the previous year, the business earned ($0.02) EPS. As a group, equities analysts expect that Grab Holdings Limited will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

GRAB has been the subject of several research reports. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Grab in a research report on Tuesday, November 12th. Barclays upped their price objective on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Daiwa Capital Markets initiated coverage on Grab in a report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price objective on the stock. Evercore ISI upped their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Mizuho lifted their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $5.48.

About Grab

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.