Grab Holdings Limited (NASDAQ:GRAB) Stock Holdings Lifted by Callan Capital LLC

Callan Capital LLC boosted its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 20.4% during the 4th quarter, HoldingsChannel reports. The firm owned 31,196 shares of the company’s stock after buying an additional 5,290 shares during the quarter. Callan Capital LLC’s holdings in Grab were worth $147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in shares of Grab during the fourth quarter valued at $30,000. Atria Wealth Solutions Inc. purchased a new position in Grab during the 4th quarter valued at about $49,000. CIBC Asset Management Inc grew its stake in Grab by 12.7% during the 4th quarter. CIBC Asset Management Inc now owns 229,863 shares of the company’s stock valued at $1,085,000 after acquiring an additional 25,962 shares in the last quarter. NTV Asset Management LLC purchased a new position in Grab during the 4th quarter valued at about $118,000. Finally, Sanctuary Advisors LLC purchased a new position in Grab during the 4th quarter valued at about $50,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Performance

GRAB opened at $4.90 on Monday. The company 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 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The stock has a 50-day moving average of $4.76 and a 200-day moving average of $4.29. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Mizuho boosted their price target on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $4.90 to $5.10 in a report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a research note on Friday. Finally, Benchmark restated a “buy” rating and issued a $6.00 target price on shares of Grab in a research note on Thursday. Two equities research 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.