Schonfeld Strategic Advisors LLC Cuts Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Schonfeld Strategic Advisors LLC lowered its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 448,167 shares of the company’s stock after selling 218,500 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Grab were worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GRAB. Tidal Investments LLC boosted its holdings in shares of Grab by 4,311.8% during the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company’s stock valued at $1,691,000 after acquiring an additional 435,014 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Grab by 15.4% in the fourth quarter. Nordea Investment Management AB now owns 17,181,844 shares of the company’s stock worth $81,356,000 after purchasing an additional 2,297,932 shares during the last quarter. FNY Investment Advisers LLC grew its position in Grab by 13.9% in 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 period. Leibman Financial Services Inc. purchased a new stake in Grab during the 4th quarter valued at $937,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Grab by 109.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company’s stock valued at $79,989,000 after buying an additional 8,868,071 shares during the period. 55.52% of the stock is owned by institutional investors.

Grab Stock Down 0.6 %

NASDAQ GRAB opened at $4.86 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 stock’s 50 day moving average is $4.43 and its 200 day moving average is $4.65. The stock has a market cap of $19.57 billion, a PE ratio of -243.00, a P/E/G ratio of 2.26 and a beta of 0.86.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. CLSA upgraded shares of Grab to a “moderate buy” rating in a research report on Wednesday, April 9th. Finally, HSBC raised shares of Grab from a “hold” rating to a “buy” rating and cut their price objective for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.60.

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.