Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC raised its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 71.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,211 shares of the company’s stock after purchasing an additional 8,030 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Grab were worth $91,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in Grab during the 4th quarter worth approximately $30,000. SeaBridge Investment Advisors LLC acquired a new stake in shares of Grab during the fourth quarter worth $48,000. New York Life Investment Management LLC purchased a new stake in shares of Grab during the fourth quarter valued at $48,000. Atria Wealth Solutions Inc. acquired a new position in shares of Grab in the 4th quarter valued at $49,000. Finally, Sanctuary Advisors LLC purchased a new position in Grab in the 4th quarter worth $50,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Trading Up 4.6 %

Shares of GRAB stock opened at $4.31 on Wednesday. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a market cap of $17.36 billion, a price-to-earnings ratio of -215.50, a PEG ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The stock has a 50 day simple moving average of $4.70 and a 200-day simple moving average of $4.41.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The company had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $762.57 million. On average, equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. China Renaissance downgraded shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a report on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective for the company in a research note on Friday, February 21st. Citigroup reiterated a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Finally, HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and decreased their target price for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Grab has an average rating of “Moderate Buy” and an average target price of $5.62.

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.