Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by J. Goldman & Co LP

J. Goldman & Co LP trimmed its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 68.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 571,500 shares of the company’s stock after selling 1,263,000 shares during the period. J. Goldman & Co LP’s holdings in Grab were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GRAB. Twin Tree Management LP acquired a new stake in shares of Grab during the 4th quarter worth about $25,000. Global Retirement Partners LLC acquired a new stake in shares of Grab during the 4th quarter worth about $30,000. Campbell Capital Management Inc. acquired a new stake in shares of Grab during the 4th quarter worth about $30,000. TD Private Client Wealth LLC boosted its stake in shares of Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Allianz SE acquired a new stake in shares of Grab during the 4th quarter worth about $44,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Trading Down 0.6%

NASDAQ GRAB opened at $4.90 on Monday. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The company’s 50 day moving average price is $4.43 and its 200 day moving average price is $4.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of -245.00, a PEG ratio of 2.26 and a beta of 0.86.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. On average, sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Ratings Changes

GRAB has been the topic of several analyst reports. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and decreased their price target for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Barclays increased their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Grab presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.60.

About Grab

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.