Grab Holdings Limited (NASDAQ:GRAB) Holdings Raised by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lifted its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 288.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 224,935 shares of the company’s stock after acquiring an additional 167,035 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Grab were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG grew its holdings in shares of Grab by 2.4% during the third quarter. Deutsche Bank AG now owns 2,964,633 shares of the company’s stock valued at $10,495,000 after purchasing an additional 69,792 shares during the last quarter. FMR LLC lifted its stake in Grab by 2,898.6% in the third quarter. FMR LLC now owns 4,581,183 shares of the company’s stock valued at $16,217,000 after buying an additional 4,428,407 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Grab by 0.6% during the third quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company’s stock valued at $2,365,000 after acquiring an additional 4,200 shares during the period. Kinetic Partners Management LP bought a new position in shares of Grab during the third quarter worth about $23,176,000. Finally, California State Teachers Retirement System increased its holdings in shares of Grab by 3.8% in the 4th quarter. California State Teachers Retirement System now owns 2,326,539 shares of the company’s stock worth $7,840,000 after acquiring an additional 85,670 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Price Performance

Shares of GRAB stock traded up $0.02 on Friday, reaching $3.56. 2,668,482 shares of the company’s stock traded hands, compared to its average volume of 23,046,096. Grab Holdings Limited has a 12-month low of $2.90 and a 12-month high of $3.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.22 and a current ratio of 3.26. The business’s 50 day moving average price is $3.58 and its two-hundred day moving average price is $3.34.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. The company had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $662.48 million. Research analysts forecast that Grab Holdings Limited will post -0.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on GRAB. Barclays upped their target price on shares of Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Thursday, May 16th. Deutsche Bank Aktiengesellschaft started coverage on Grab in a research note on Friday, May 17th. They issued a “buy” rating and a $4.50 price target for the company. Mizuho began coverage on shares of Grab in a report on Thursday. They issued an “outperform” rating and a $5.00 price objective for the company. Finally, HSBC reissued a “buy” rating and set a $4.30 target price on shares of Grab in a report on Thursday, April 4th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $5.06.

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.