Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by Barclays PLC

Barclays PLC lifted its holdings in Grab Holdings Limited (NASDAQ:GRABFree Report) by 21,204.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 37,301,928 shares of the company’s stock after buying an additional 37,126,838 shares during the quarter. Barclays PLC’s holdings in Grab were worth $132,048,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kore Private Wealth LLC purchased a new position in Grab in the second quarter valued at about $29,000. Stifel Financial Corp purchased a new position in Grab in the 1st quarter worth approximately $33,000. National Bank of Canada FI acquired a new stake in Grab in the third quarter valued at approximately $35,000. Arena Capital Advisors LLC CA purchased a new stake in shares of Grab during the first quarter valued at approximately $35,000. Finally, Sage Rhino Capital LLC acquired a new stake in Grab during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 52.50% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $3.60 to $3.80 in a report on Thursday, January 18th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Grab currently has an average rating of “Buy” and a consensus price target of $4.84.

Read Our Latest Research Report on GRAB

Grab Trading Down 4.9 %

Shares of NASDAQ:GRAB opened at $3.08 on Wednesday. Grab Holdings Limited has a 12-month low of $2.65 and a 12-month high of $3.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.76 and a current ratio of 3.79. The company has a fifty day simple moving average of $3.17 and a 200 day simple moving average of $3.36.

Grab (NASDAQ:GRABGet Free Report) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $615.00 million during the quarter, compared to analyst estimates of $594.99 million. Grab had a negative return on equity of 13.22% and a negative net margin of 38.75%. The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) earnings per share. Analysts expect that Grab Holdings Limited will post -0.11 EPS for the current year.

About Grab

(Free Report)

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.

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Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

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