O Shaughnessy Asset Management LLC Invests $104,000 in Grab Holdings Limited (NASDAQ:GRAB)

O Shaughnessy Asset Management LLC acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,066 shares of the company’s stock, valued at approximately $104,000.

A number of other institutional investors also recently bought and sold shares of the company. Hanwha Asset Management Co. Ltd. bought a new stake in Grab during the fourth quarter valued at approximately $227,718,000. Perpetual Ltd purchased a new position in shares of Grab during the 4th quarter worth $213,177,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Grab by 5,066.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company’s stock worth $160,075,000 after acquiring an additional 33,257,610 shares during the last quarter. Norges Bank purchased a new stake in shares of Grab in the 4th quarter worth $145,927,000. Finally, Assenagon Asset Management S.A. raised its holdings in Grab by 109.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company’s stock worth $79,989,000 after purchasing an additional 8,868,071 shares during the period. Institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a report on Thursday, February 20th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a report on Friday, February 21st. Citigroup reissued a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Finally, Barclays lifted their target price on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.62.

Grab Stock Down 1.7 %

GRAB opened at $3.98 on Tuesday. The company has a market capitalization of $16.03 billion, a PE ratio of -199.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The firm has a 50-day simple moving average of $4.54 and a two-hundred day simple moving average of $4.56. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. 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 quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates 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. Analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

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.