Virtu Financial LLC Invests $1.63 Million in Grab Holdings Limited (NASDAQ:GRAB)

Virtu Financial LLC bought a new position in Grab Holdings Limited (NASDAQ:GRAB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 345,007 shares of the company’s stock, valued at approximately $1,628,000.

Several other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Grab in the 4th quarter worth $4,342,000. TD Private Client Wealth LLC lifted its stake in shares of Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after acquiring an additional 7,890 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Grab by 1.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company’s stock valued at $1,658,000 after purchasing an additional 4,412 shares during the period. Contrarius Group Holdings Ltd acquired a new stake in shares of Grab in the fourth quarter valued at about $8,586,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Grab by 85.8% in the fourth quarter. Teacher Retirement System of Texas now owns 1,042,121 shares of the company’s stock valued at $4,919,000 after purchasing an additional 481,363 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on GRAB shares. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective for the company in a research note on Friday, February 21st. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and dropped their target price for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, Barclays raised their target price on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Grab has an average rating of “Moderate Buy” and an average target price of $5.62.

Grab Stock Performance

Shares of NASDAQ GRAB opened at $4.64 on Friday. The company has a market cap of $18.69 billion, a PE ratio of -232.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The company has a 50-day simple moving average of $4.66 and a 200-day simple moving average of $4.47.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. On average, equities analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.

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.