Jump Financial LLC Purchases 1,365,249 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Jump Financial LLC grew its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 1,039.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,496,649 shares of the company’s stock after purchasing an additional 1,365,249 shares during the period. Jump Financial LLC’s holdings in Grab were worth $7,064,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GRAB. FNY Investment Advisers LLC grew its position in Grab by 13.9% during the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after buying an additional 3,500 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Grab by 19.1% during the fourth quarter. Wedbush Securities Inc. now owns 21,800 shares of the company’s stock worth $103,000 after purchasing an additional 3,500 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Grab by 40.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company’s stock worth $69,000 after purchasing an additional 4,250 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position 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 worth $1,658,000 after purchasing an additional 4,412 shares during the last quarter. Finally, Vestcor Inc raised its stake in Grab by 16.6% in the fourth quarter. Vestcor Inc now owns 33,602 shares of the company’s stock valued at $159,000 after purchasing an additional 4,776 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GRAB shares. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. CLSA raised Grab to a “moderate buy” rating in a research note on Wednesday, April 9th. HSBC raised Grab from a “hold” rating to a “buy” rating and dropped their price target for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Citigroup reiterated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price for the company in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.62.

Grab Price Performance

Shares of Grab stock opened at $4.06 on Wednesday. The firm has a market cap of $16.35 billion, a PE ratio of -203.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company’s fifty day simple moving average is $4.53 and its two-hundred day simple moving average is $4.56. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72.

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