Swiss National Bank Sells 440,700 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Swiss National Bank reduced its stake in Grab Holdings Limited (NASDAQ:GRAB) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,834,100 shares of the company’s stock after selling 440,700 shares during the period. Swiss National Bank owned 0.14% of Grab worth $27,537,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in Grab by 7.7% in the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after buying an additional 3,147 shares in the last quarter. FNY Investment Advisers LLC raised its stake in Grab by 13.9% in 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. Traynor Capital Management Inc. raised its stake in Grab by 47.7% in the fourth quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company’s stock worth $75,000 after buying an additional 5,100 shares in the last quarter. Metis Global Partners LLC raised its stake in Grab by 10.9% in the third quarter. Metis Global Partners LLC now owns 53,262 shares of the company’s stock worth $202,000 after buying an additional 5,221 shares in the last quarter. Finally, Callan Capital LLC grew its holdings in Grab by 20.4% in the fourth quarter. Callan Capital LLC now owns 31,196 shares of the company’s stock worth $147,000 after purchasing an additional 5,290 shares during the period. 55.52% of the stock is owned by institutional investors.

Grab Trading Up 1.1 %

NASDAQ:GRAB opened at $4.45 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 2.67 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. The company has a market cap of $17.92 billion, a PE ratio of -222.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a 50 day simple moving average of $4.66 and a two-hundred day simple moving average of $4.44.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GRAB. China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective on the stock. in a report on Thursday, November 21st. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of Grab in a report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective on the stock in a report on Friday, February 21st. Finally, Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Grab has a consensus rating of “Moderate Buy” and an average price target of $5.62.

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.