Aptus Capital Advisors LLC Takes Position in Grab Holdings Limited (NASDAQ:GRAB)

Aptus Capital Advisors LLC bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 12,016 shares of the company’s stock, valued at approximately $57,000.

Several other institutional investors have also recently added to or reduced their stakes in GRAB. Baillie Gifford & Co. increased its holdings in shares of Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock worth $221,942,000 after buying an additional 4,259,537 shares in the last quarter. Leibman Financial Services Inc. bought a new position in Grab in the 4th quarter valued at $937,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Grab by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock worth $22,220,000 after purchasing an additional 134,243 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its stake in Grab by 764.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company’s stock worth $1,487,000 after purchasing an additional 278,563 shares in the last quarter. Finally, Matthews International Capital Management LLC grew its holdings in shares of Grab by 34.4% during the fourth quarter. Matthews International Capital Management LLC now owns 4,874,167 shares of the company’s stock worth $23,006,000 after purchasing an additional 1,247,339 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. HSBC raised Grab from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their price target on Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Grab has an average rating of “Moderate Buy” and an average target price of $5.60.

Grab Trading Down 0.6 %

GRAB opened at $4.90 on Friday. The firm’s fifty day moving average is $4.43 and its two-hundred day moving average is $4.67. The firm has a market cap of $19.73 billion, a PE ratio of -245.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 1.63% and a negative net margin of 3.72%. Equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

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.