Investment Management Corp of Ontario Has $271,000 Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Investment Management Corp of Ontario trimmed its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 16.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,518 shares of the company’s stock after selling 11,400 shares during the period. Investment Management Corp of Ontario’s holdings in Grab were worth $271,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GRAB. Twin Tree Management LP acquired a new stake in Grab in the 4th quarter valued at about $25,000. Global Retirement Partners LLC acquired a new stake in Grab in the 4th quarter valued at about $30,000. Campbell Capital Management Inc. acquired a new stake in Grab in the 4th quarter valued at about $30,000. TD Private Client Wealth LLC lifted its stake in Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Allianz SE acquired a new stake in Grab in the 4th quarter valued at about $44,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Up 0.8%

Shares of GRAB opened at $5.03 on Wednesday. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The firm’s 50 day moving average is $4.45 and its 200-day moving average is $4.68. The stock has a market capitalization of $20.26 billion, a PE ratio of -251.50, a P/E/G ratio of 2.26 and a beta of 0.86. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GRAB. JPMorgan Chase & Co. cut their target price on shares of Grab from $5.60 to $5.30 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. CLSA upgraded shares of Grab to a “moderate buy” rating in a research note on Wednesday, April 9th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and lowered their price target for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Thursday, February 20th. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.60.

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.