Heck Capital Advisors LLC Takes $321,000 Position in Grab Holdings Limited (NASDAQ:GRAB)

Heck Capital Advisors LLC acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 67,934 shares of the company’s stock, valued at approximately $321,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GRAB. Twin Tree Management LP bought a new position in shares of Grab in the fourth quarter valued at $25,000. Campbell Capital Management Inc. bought a new position in shares of Grab in the fourth quarter valued at $30,000. Global Retirement Partners LLC bought a new position in shares of Grab in the fourth quarter valued at $30,000. TD Private Client Wealth LLC grew its stake in shares of Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after buying an additional 7,890 shares in the last quarter. Finally, Allianz SE bought a new position in shares of Grab in the fourth quarter valued at $44,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GRAB. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and decreased their target price for the company 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. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Barclays lifted their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.71.

Grab Trading Down 0.2%

GRAB stock opened at $4.95 on Monday. The company has a fifty day moving average price of $4.55 and a two-hundred day moving average price of $4.73. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of -247.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

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

Grab Company 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.