Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Matthews International Capital Management LLC

Matthews International Capital Management LLC increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,874,167 shares of the company’s stock after acquiring an additional 1,247,339 shares during the period. Grab comprises about 4.7% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Matthews International Capital Management LLC owned 0.12% of Grab worth $23,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Grab by 168.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 221,135 shares of the company’s stock valued at $785,000 after purchasing an additional 138,620 shares during the period. APG Asset Management N.V. grew its position in Grab by 533.9% in the second quarter. APG Asset Management N.V. now owns 193,174 shares of the company’s stock valued at $640,000 after acquiring an additional 162,700 shares during the period. MBB Public Markets I LLC acquired a new position in Grab during the second quarter worth $539,000. The Manufacturers Life Insurance Company raised its stake in Grab by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,386,008 shares of the company’s stock worth $19,120,000 after acquiring an additional 129,604 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Grab in the 2nd quarter valued at $314,000. Institutional investors own 55.52% of the company’s stock.

Grab Stock Down 3.0 %

Shares of NASDAQ GRAB opened at $4.44 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $17.86 billion, a PE ratio of -221.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.90. The firm’s 50-day moving average is $4.93 and its 200-day moving average is $4.10. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72.

Grab (NASDAQ:GRAB) last released its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The firm had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter in the previous year, the business earned ($0.02) EPS. Equities analysts expect that Grab Holdings Limited will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GRAB. Mizuho increased their target price on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Evercore ISI raised their price objective on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Hsbc Global Res cut Grab from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Barclays increased their target price on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.55.

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.