IFM Investors Pty Ltd Has $1.12 Million Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

IFM Investors Pty Ltd lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 355,713 shares of the company’s stock after purchasing an additional 28,166 shares during the quarter. IFM Investors Pty Ltd’s holdings in Grab were worth $1,117,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GRAB. National Bank of Canada FI acquired a new stake in shares of Grab during the 3rd quarter worth approximately $35,000. Asset Management One Co. Ltd. lifted its stake in Grab by 9.3% during the third quarter. Asset Management One Co. Ltd. now owns 734,198 shares of the company’s stock worth $2,599,000 after purchasing an additional 62,705 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Grab by 9.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 405,556 shares of the company’s stock valued at $1,436,000 after purchasing an additional 33,822 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of Grab by 33.8% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,206,523 shares of the company’s stock valued at $7,811,000 after purchasing an additional 557,288 shares during the last quarter. Finally, Deltec Asset Management LLC bought a new position in shares of Grab in the 3rd quarter valued at $549,000. Institutional investors own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GRAB. JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $3.60 to $3.80 in a research report on Thursday, January 18th. HSBC reissued a “buy” rating and issued a $4.30 target price on shares of Grab in a report on Thursday, April 4th. Finally, Barclays decreased their price target on shares of Grab from $4.50 to $4.30 and set an “overweight” rating on the stock in a report on Monday, February 5th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Grab has an average rating of “Buy” and an average price target of $5.10.

Grab Price Performance

Grab stock remained flat at $3.50 during trading hours on Friday. The company’s stock had a trading volume of 26,856,213 shares, compared to its average volume of 25,556,436. The business has a 50 day moving average of $3.24 and a 200 day moving average of $3.22. Grab Holdings Limited has a 1 year low of $2.67 and a 1 year high of $3.92. The company has a market capitalization of $13.73 billion, a PE ratio of -35.00 and a beta of 0.91. The company has a current ratio of 3.90, a quick ratio of 3.87 and a debt-to-equity ratio of 0.10.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) EPS. Research analysts anticipate that Grab Holdings Limited will post 0.01 EPS for the current fiscal 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.