IFM Investors Pty Ltd Acquires 28,166 Shares of Grab Holdings Limited (NASDAQ:GRAB)

IFM Investors Pty Ltd lifted its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 8.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 355,713 shares of the company’s stock after buying an additional 28,166 shares during the quarter. IFM Investors Pty Ltd’s holdings in Grab were worth $1,117,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Miracle Mile Advisors LLC acquired a new stake in Grab in the 1st quarter valued at about $32,000. National Bank of Canada FI acquired a new stake in shares of Grab in the third quarter valued at approximately $35,000. Optas LLC bought a new position in Grab in the 4th quarter worth approximately $36,000. Meridian Wealth Partners LLC bought a new position in Grab in the 4th quarter worth approximately $36,000. Finally, Sage Rhino Capital LLC acquired a new position in Grab during the 3rd quarter worth $38,000. 55.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GRAB has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $3.60 to $3.80 in a research report on Thursday, January 18th. Barclays dropped their price objective on Grab from $4.50 to $4.30 and set an “overweight” rating for the company in a report on Monday, February 5th. Finally, HSBC reaffirmed a “buy” rating and issued a $4.30 target price on shares of Grab in a research note on Thursday, April 4th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $5.10.

Grab Price Performance

NASDAQ GRAB remained flat at $3.50 on Friday. The company had a trading volume of 26,856,213 shares, compared to its average volume of 25,556,436. Grab Holdings Limited has a fifty-two week low of $2.67 and a fifty-two week high of $3.92. The company has a 50 day moving average of $3.24 and a 200 day moving average of $3.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.87 and a current ratio of 3.90. The company has a market capitalization of $13.73 billion, a PE ratio of -35.00 and a beta of 0.91.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $633.82 million. Grab had a negative net margin of 18.43% and a negative return on equity of 6.77%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.10) earnings per share. As a group, analysts forecast that Grab Holdings Limited will post 0.01 EPS for the current year.

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.