Envestnet Portfolio Solutions Inc. Invests $50,000 in Grab Holdings Limited (NASDAQ:GRAB)

Envestnet Portfolio Solutions Inc. acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, HoldingsChannel reports. The firm acquired 10,547 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Campbell Capital Management Inc. bought a new stake in shares of Grab in the fourth quarter valued at $30,000. Global Retirement Partners LLC bought a new position in shares of Grab during the 4th quarter worth $30,000. New York Life Investment Management LLC purchased a new stake in Grab in the 4th quarter worth about $48,000. SeaBridge Investment Advisors LLC bought a new stake in Grab in the 4th quarter valued at about $48,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in Grab during the fourth quarter valued at about $49,000. 55.52% of the stock is owned by institutional investors.

Grab Price Performance

Shares of NASDAQ GRAB opened at $4.57 on Friday. The firm has a market capitalization of $18.40 billion, a P/E ratio of -228.50, a P/E/G ratio of 2.26 and a beta of 0.88. 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 stock’s 50-day simple moving average is $4.68 and its two-hundred day simple moving average is $4.52. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72.

Grab (NASDAQ:GRAB) last announced its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting 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 business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. As a group, equities analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. 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 research report on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Finally, Benchmark restated a “buy” rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.62.

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.