Freemont Capital Pte Ltd Sells 150,000 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Freemont Capital Pte Ltd lessened its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 37.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 250,000 shares of the company’s stock after selling 150,000 shares during the quarter. Grab accounts for about 0.0% of Freemont Capital Pte Ltd’s investment portfolio, making the stock its 6th largest holding. Freemont Capital Pte Ltd’s holdings in Grab were worth $1,180,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Uber Technologies Inc purchased a new position in shares of Grab in the 4th quarter valued at $2,529,462,000. Hanwha Asset Management Co. Ltd. acquired a new stake in Grab in the 4th quarter valued at $227,718,000. Baillie Gifford & Co. raised its position in Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after purchasing an additional 4,259,537 shares during the period. Perpetual Ltd acquired a new position in shares of Grab during the fourth quarter worth about $213,177,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Grab by 5,066.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company’s stock worth $160,075,000 after buying an additional 33,257,610 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Down 0.6 %

Shares of NASDAQ:GRAB opened at $4.90 on Friday. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company’s fifty day moving average is $4.43 and its two-hundred day moving average is $4.66. 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 stock has a market capitalization of $19.73 billion, a price-to-earnings ratio of -245.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86.

Grab (NASDAQ:GRAB) last issued its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Equities analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

Analysts Set New Price Targets

GRAB has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Grab in a report on Thursday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, February 4th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and dropped their price target for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. CLSA upgraded Grab to a “moderate buy” rating in a research note on Wednesday, April 9th. Finally, Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.60.

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.