Harbour Capital Advisors LLC purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 85,625 shares of the company’s stock, valued at approximately $313,000.
Several other institutional investors also recently modified their holdings of GRAB. Miracle Mile Advisors LLC bought a new stake in Grab in the 1st quarter valued at about $32,000. Dorsey & Whitney Trust CO LLC acquired a new position in Grab in the 1st quarter valued at approximately $32,000. Callan Capital LLC acquired a new position in Grab in the 1st quarter valued at approximately $34,000. Sage Rhino Capital LLC acquired a new stake in shares of Grab during the second quarter worth $38,000. Finally, Lane & Associates LLC acquired a new stake in shares of Grab during the first quarter worth $39,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.
Grab Trading Up 3.0 %
Shares of GRAB opened at $3.73 on Friday. The stock has a market capitalization of $14.63 billion, a P/E ratio of -53.29 and a beta of 0.83. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $3.48 and a two-hundred day simple moving average of $3.48. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $3.88.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on GRAB shares. Mizuho began coverage on shares of Grab in a research note on Thursday, June 27th. They set an “outperform” rating and a $5.00 target price on the stock. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group lowered their price objective on shares of Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $4.71.
View Our Latest Stock Report on Grab
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.
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