Tremblant Capital Group Increases Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Tremblant Capital Group boosted its position in Grab Holdings Limited (NASDAQ:GRAB) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,937,392 shares of the company’s stock after acquiring an additional 170,614 shares during the period. Grab accounts for approximately 6.8% of Tremblant Capital Group’s portfolio, making the stock its largest holding. Tremblant Capital Group’s holdings in Grab were worth $65,784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Uber Technologies Inc bought a new stake in Grab in the 4th quarter valued at about $2,529,462,000. Hanwha Asset Management Co. Ltd. bought a new stake in Grab in the 4th quarter valued at about $227,718,000. Baillie Gifford & Co. raised its stake in Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after acquiring an additional 4,259,537 shares during the period. Perpetual Ltd bought a new stake in Grab in the 4th quarter valued at about $213,177,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Grab by 5,066.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company’s stock valued at $160,075,000 after acquiring an additional 33,257,610 shares during the period. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Up 0.6%

GRAB stock opened at $5.09 on Monday. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $20.50 billion, a PE ratio of -254.50, a PEG ratio of 2.26 and a beta of 0.86. The stock has a 50-day simple moving average of $4.49 and a two-hundred day simple moving average of $4.70.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GRAB shares. Barclays boosted their price objective on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Citigroup restated a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. CLSA raised Grab to a “moderate buy” rating in a report on Wednesday, April 9th. HSBC raised Grab from a “hold” rating to a “buy” rating and reduced their target price for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.71.

Grab Company 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.