Swiss National Bank lowered its position in Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,106,000 shares of the company’s stock after selling 104,600 shares during the period. Swiss National Bank owned about 0.14% of Grab worth $15,369,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. purchased a new position in Grab in the 4th quarter worth approximately $25,000. Kore Private Wealth LLC purchased a new position in Grab in the 2nd quarter worth approximately $29,000. Commerce Bank purchased a new position in Grab in the 1st quarter worth approximately $31,000. Achmea Investment Management B.V. lifted its holdings in Grab by 100.0% in the 4th quarter. Achmea Investment Management B.V. now owns 11,176 shares of the company’s stock worth $34,000 after purchasing an additional 5,588 shares in the last quarter. Finally, Arena Capital Advisors LLC CA bought a new stake in Grab in the 1st quarter valued at $35,000. Institutional investors own 52.09% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Grab from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $2.55 to $3.10 in a report on Wednesday, June 21st. HSBC lifted their price target on shares of Grab from $4.03 to $4.20 in a report on Friday, May 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $3.91.
Grab Stock Performance
Grab stock opened at $3.34 on Wednesday. The company’s 50-day moving average price is $3.48 and its 200-day moving average price is $3.23. Grab Holdings Limited has a twelve month low of $2.19 and a twelve month high of $4.03. The company has a quick ratio of 5.34, a current ratio of 5.39 and a debt-to-equity ratio of 0.10. The company has a market cap of $12.52 billion, a PE ratio of -8.56 and a beta of 0.92.
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.
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