Cerity Partners LLC Takes Position in Grab Holdings Limited (NASDAQ:GRAB)

Cerity Partners LLC acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,342 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Optas LLC purchased a new position in Grab during the fourth quarter worth about $36,000. Sage Rhino Capital LLC acquired a new position in shares of Grab in the 3rd quarter worth approximately $38,000. Jump Financial LLC purchased a new position in shares of Grab during the 3rd quarter worth approximately $41,000. Cable Hill Partners LLC acquired a new stake in Grab in the 3rd quarter valued at approximately $48,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Grab in the 3rd quarter valued at approximately $51,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Grab Stock Performance

GRAB opened at $3.50 on Wednesday. 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 has a market capitalization of $13.73 billion, a price-to-earnings ratio of -35.00 and a beta of 0.91. The business has a fifty day moving average price of $3.24 and a 200 day moving average price of $3.22. Grab Holdings Limited has a 12 month low of $2.67 and a 12 month high of $3.92.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $653.00 million during the quarter, compared to the consensus estimate of $633.82 million. Grab had a negative return on equity of 6.77% and a negative net margin of 18.43%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) earnings per share. Sell-side analysts expect that Grab Holdings Limited will post 0.01 earnings per share for the current fiscal year.

Grab 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.