Peak6 LLC Invests $218,000 in Grab Holdings Limited (NASDAQ:GRAB)

Peak6 LLC purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 46,105 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GRAB. Jump Financial LLC boosted its stake in shares of Grab by 1,039.0% during the fourth quarter. Jump Financial LLC now owns 1,496,649 shares of the company’s stock worth $7,064,000 after buying an additional 1,365,249 shares during the period. Bridgewater Associates LP purchased a new stake in Grab during the 4th quarter valued at approximately $7,294,000. XTX Topco Ltd grew its stake in shares of Grab by 71.9% in the 4th quarter. XTX Topco Ltd now owns 193,013 shares of the company’s stock valued at $911,000 after purchasing an additional 80,739 shares during the last quarter. Mariner LLC increased its holdings in shares of Grab by 46.0% in the fourth quarter. Mariner LLC now owns 218,509 shares of the company’s stock valued at $1,031,000 after purchasing an additional 68,836 shares during the period. Finally, Keystone Financial Group purchased a new stake in shares of Grab during the fourth quarter worth approximately $72,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GRAB shares. Citigroup reiterated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Bank of America upgraded 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. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Barclays lifted their price objective on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, HSBC raised Grab from a “hold” rating to a “buy” rating and cut their target price for the stock from $5.50 to $5.45 in a research note 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Grab has an average rating of “Moderate Buy” and a consensus target price of $5.60.

Grab Stock Down 1.0 %

Grab stock opened at $4.07 on Tuesday. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of -203.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The stock’s fifty day moving average is $4.47 and its two-hundred day moving average is $4.57.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm 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%. Analysts predict that Grab Holdings Limited will post 0.05 EPS 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.