47,839,997 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by Hanwha Asset Management Co. Ltd.

Hanwha Asset Management Co. Ltd. bought a new position in Grab Holdings Limited (NASDAQ:GRAB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 47,839,997 shares of the company’s stock, valued at approximately $227,718,000. Grab comprises 100.0% of Hanwha Asset Management Co. Ltd.’s portfolio, making the stock its largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Twin Tree Management LP purchased a new position in Grab in the 4th quarter worth $25,000. Campbell Capital Management Inc. purchased a new position in Grab in the 4th quarter worth $30,000. Global Retirement Partners LLC purchased a new position in Grab in the 4th quarter worth $30,000. New York Life Investment Management LLC purchased a new position in Grab in the 4th quarter worth $48,000. Finally, SeaBridge Investment Advisors LLC purchased a new position in Grab in the 4th quarter worth $48,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Shares of Grab stock opened at $4.60 on Wednesday. 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 twelve month low of $2.98 and a twelve month high of $5.72. The business has a 50-day moving average price of $4.66 and a 200 day moving average price of $4.45. The firm has a market cap of $18.52 billion, a PE ratio of -230.00, a P/E/G ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Sell-side analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. HSBC raised Grab from a “hold” rating to a “buy” rating and decreased their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective for the company. in a report on Thursday, November 21st. JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective for the company in a report on Friday, February 21st. Finally, Citigroup reissued a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.62.

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.