Amundi Boosts Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Amundi increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,655,852 shares of the company’s stock after buying an additional 184,208 shares during the quarter. Amundi’s holdings in Grab were worth $7,667,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC raised its holdings in Grab by 71.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 19,211 shares of the company’s stock valued at $91,000 after buying an additional 8,030 shares during the period. Candriam S.C.A. purchased a new stake in shares of Grab in the 4th quarter valued at approximately $80,000. Raymond James Financial Inc. acquired a new position in shares of Grab in the 4th quarter worth approximately $1,165,000. Assetmark Inc. purchased a new position in shares of Grab during the 4th quarter worth approximately $124,000. Finally, Wealth Advisory Solutions LLC acquired a new stake in Grab in the 4th quarter valued at approximately $159,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on GRAB. JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target for the company in a research report on Friday, February 21st. Barclays lifted 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. China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a research report on Thursday, November 21st. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and dropped their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and an average target price of $5.62.

Grab Trading Up 3.3 %

NASDAQ:GRAB opened at $4.40 on Friday. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The stock has a market cap of $17.72 billion, a P/E ratio of -220.00, a P/E/G ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The stock has a 50-day simple moving average of $4.67 and a 200-day simple moving average of $4.43.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company 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%. As a group, analysts anticipate 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.