1 week Ago By Defense World Staff
American Century Companies Inc. grew its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 37.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 244,761 shares of the company’s stock after purchasing an additional 66,534 shares during the period. American Century Companies Inc.’s holdings in Grab were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in GRAB. Twin Tree Management LP acquired a new stake in shares of Grab during the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new stake in shares of Grab during the fourth quarter worth $30,000.
Campbell Capital Management Inc. purchased a new stake in shares of Grab during the fourth quarter valued at $30,000. TD Private Client Wealth LLC boosted its position in shares of Grab by 7,238.
5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after purchasing an additional 7,890 shares during the period. Finally, SeaBridge Investment Advisors LLC purchased a new position in Grab in the 4th quarter worth about $48,000.
Institutional investors and hedge funds own 55.52% of the company’s stock. Grab Price PerformanceShares of GRAB opened at $3.
97 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.
67 and a current ratio of 2.70. The firm has a market cap of $15.
99 billion, a PE ratio of -198.50, a PEG ratio of 2.26 and a beta of 0.
88. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.
72. The firm’s 50 day moving average price is $4.58 and its 200 day moving average price is $4.
55. Grab (NASDAQ:GRAB – Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.
01 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $762.57 million. As a group, research analysts expect that Grab Holdings Limited will post 0.
05 EPS for the current fiscal year. Wall Street Analysts Forecast GrowthGRAB has been the subject of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $6.
00 target price on shares of Grab in a report on Thursday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th.
JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price for the company in a research report on Friday, February 21st.
Finally, Bank of America raised Grab from an “underperform” rating to a “neutral” rating and upped their price target for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th.
Two 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.
62.Check Out Our Latest Research Report on GrabAbout Grab (Free Report)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.
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