Deutsche Bank AG Acquires 1,135,633 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Deutsche Bank AG increased its stake in Grab Holdings Limited (NASDAQ:GRAB) by 20.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 6,578,169 shares of the company’s stock after buying an additional 1,135,633 shares during the quarter. Deutsche Bank AG owned 0.16% of Grab worth $29,799,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new position in Grab in the first quarter valued at about $165,000. NewEdge Advisors LLC lifted its stake in Grab by 426.9% in the fourth quarter. NewEdge Advisors LLC now owns 79,447 shares of the company’s stock valued at $375,000 after purchasing an additional 64,370 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Grab by 669.7% in the first quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company’s stock valued at $420,000 after purchasing an additional 80,602 shares during the last quarter. SG Americas Securities LLC grew its holdings in Grab by 98.9% during the first quarter. SG Americas Securities LLC now owns 227,950 shares of the company’s stock valued at $1,033,000 after purchasing an additional 113,373 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Grab in the fourth quarter worth $104,000. Institutional investors own 55.52% of the company’s stock.

Grab Trading Up 3.5%

NASDAQ:GRAB opened at $4.99 on Wednesday. The company has a market cap of $20.09 billion, a P/E ratio of 124.78 and a beta of 0.84. Grab Holdings Limited has a 1 year low of $3.08 and a 1 year high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87. The stock’s fifty day moving average price is $4.95 and its two-hundred day moving average price is $4.75.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $819.00 million for the quarter, compared to analysts’ expectations of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. As a group, analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price target on Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.82.

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.