Tower Research Capital LLC TRC Acquires 18,723 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Tower Research Capital LLC TRC increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 174.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,484 shares of the company’s stock after purchasing an additional 18,723 shares during the period. Tower Research Capital LLC TRC’s holdings in Grab were worth $139,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GRAB. Twin Tree Management LP bought a new stake in Grab during the 4th quarter valued at $25,000. Global Retirement Partners LLC purchased a new stake in shares of Grab during the 4th quarter worth $30,000. Campbell Capital Management Inc. bought a new stake in Grab during the fourth quarter valued at about $30,000. TD Private Client Wealth LLC grew its stake in Grab by 7,238.5% in the fourth 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 bought a new position in Grab in the fourth quarter worth about $44,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Trading Down 0.1 %

Grab stock opened at $4.84 on Thursday. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The stock has a 50-day moving average price of $4.43 and a 200 day moving average price of $4.65. 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 company has a market capitalization of $19.47 billion, a price-to-earnings ratio of -241.75, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm 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%. Sell-side analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

GRAB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and lowered their target price for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Citigroup reaffirmed a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Barclays upped their target price on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Two investment 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 company. Based on data from MarketBeat.com, the company has an average 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.