Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in Grab Holdings Limited (NASDAQ:GRAB) by 176,919.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,891,669 shares of the company’s stock after buying an additional 19,880,432 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.49% of Grab worth $93,889,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Driehaus Capital Management LLC purchased a new position in shares of Grab during the fourth quarter valued at approximately $54,443,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Grab by 23.4% during the fourth quarter. Cubist Systematic Strategies LLC now owns 2,507,669 shares of the company’s stock worth $11,836,000 after purchasing an additional 475,790 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Grab in the fourth quarter valued at $321,000. Balyasny Asset Management L.P. purchased a new position in Grab during the fourth quarter worth about $1,228,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Grab in the fourth quarter worth approximately $137,561,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GRAB shares. JPMorgan Chase & Co. decreased their price target on shares of Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. HSBC raised Grab from a “hold” rating to a “buy” rating and lowered their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Benchmark restated a “buy” rating and issued a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Citigroup reiterated a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Finally, Barclays raised their price target on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. 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’s stock. Based on data from MarketBeat, Grab has a consensus rating of “Moderate Buy” and an average target price of $5.60.

Grab Stock Up 2.0 %

Shares of NASDAQ:GRAB opened at $4.94 on Friday. The firm has a market cap of $19.87 billion, a PE ratio of -246.75, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The company has a fifty day simple moving average of $4.43 and a 200 day simple moving average of $4.66. 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.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $762.57 million. On average, equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

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.