Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,695,000 shares of the company’s stock after selling 205,000 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Grab were worth $8,000,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Baillie Gifford & Co. increased its position in shares of Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after buying an additional 4,259,537 shares in the last quarter. Leibman Financial Services Inc. acquired a new position in Grab during the fourth quarter worth $937,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock valued at $22,220,000 after purchasing an additional 134,243 shares in the last quarter. Baader Bank Aktiengesellschaft grew its position in shares of Grab by 764.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company’s stock valued at $1,487,000 after purchasing an additional 278,563 shares during the period. Finally, Matthews International Capital Management LLC increased its stake in shares of Grab by 34.4% during the fourth quarter. Matthews International Capital Management LLC now owns 4,874,167 shares of the company’s stock worth $23,006,000 after purchasing an additional 1,247,339 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on GRAB. HSBC upgraded Grab from a “hold” rating to a “buy” rating and cut their price objective for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. CLSA raised shares of Grab to a “moderate buy” rating in a research note on Wednesday, April 9th. Barclays increased their price objective on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Finally, Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Grab in a research 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 given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5.60.

Grab Stock Performance

NASDAQ GRAB opened at $4.90 on Friday. The stock has a market cap of $19.73 billion, a PE ratio of -245.00, a P/E/G ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The stock 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 (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share 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 analysts’ expectations of $762.57 million. Equities analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current 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.