Skandinaviska Enskilda Banken AB publ Has $1.41 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 296,303 shares of the company’s stock after buying an additional 51,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Grab were worth $1,410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GRAB. Empowered Funds LLC lifted its holdings in shares of Grab by 7.7% during the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after purchasing an additional 3,147 shares during the period. FNY Investment Advisers LLC raised its position in Grab by 13.9% during the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after purchasing an additional 3,500 shares during the last quarter. Vestcor Inc lifted its holdings in Grab by 16.6% during the 4th quarter. Vestcor Inc now owns 33,602 shares of the company’s stock worth $159,000 after buying an additional 4,776 shares during the period. Traynor Capital Management Inc. grew its position in shares of Grab by 47.7% in the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company’s stock valued at $75,000 after buying an additional 5,100 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of Grab by 10.9% in the third quarter. Metis Global Partners LLC now owns 53,262 shares of the company’s stock valued at $202,000 after buying an additional 5,221 shares during the period. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on GRAB. Barclays upped their target price on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and lowered their target price for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Citigroup reissued a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Two equities 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5.62.

Grab Trading Up 1.1 %

NASDAQ GRAB opened at $4.45 on Tuesday. 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 52 week low of $2.98 and a 52 week high of $5.72. The business has a 50 day moving average price of $4.66 and a 200-day moving average price of $4.44. The company has a market cap of $17.92 billion, a price-to-earnings ratio of -222.50, a P/E/G ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting 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 analyst estimates of $762.57 million. As a group, equities analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

About Grab

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.