GPI Capital L.P. Cuts Holdings in Grab Holdings Limited (NASDAQ:GRAB)

GPI Capital L.P. reduced its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,176,051 shares of the company's stock after selling 1,000,000 shares during the period. Grab accounts for approximately 16.7% of GPI Capital L.P.'s investment portfolio, making the stock its 4th biggest holding. GPI Capital L.P. owned approximately 0.23% of Grab worth $43,311,000 at the end of the most recent quarter.

• Grab Holdings: Time to Grab More of This Rideshare Beast

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Baillie Gifford & Co. increased its position in Grab by 10.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after buying an additional 4,259,537 shares in the last quarter. Tidal Investments LLC grew its position in Grab by 4,311.8% in the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company's stock valued at $1,691,000 after purchasing an additional 435,014 shares during the period. Leibman Financial Services Inc. bought a new stake in Grab during the 4th quarter valued at $937,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Grab by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company's stock valued at $22,220,000 after buying an additional 134,243 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Grab by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 20,666,618 shares of the company's stock valued at $77,414,000 after acquiring an additional 591,898 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of GRAB opened at $3.98 on Tuesday. The stock's 50-day simple moving average is $4.54 and its 200 day simple moving average is $4.56. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The stock has a market capitalization of $16.03 billion, a price-to-earnings ratio of -199.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

• MarketBeat Week in Review – 11/18 - 11/22

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Benchmark reissued a "buy" rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. CLSA upgraded Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Citigroup reiterated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Grab presently has a consensus rating of "Moderate Buy" and an average price target of $5.62.

• 4 Reasons to Grab Shares of Grab Holdings Before 2024 Ends

Read Our Latest Stock Report on Grab

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.

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