HRT Financial LP Increases Stock Holdings in Grab Holdings Limited $GRAB

HRT Financial LP increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 533.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,493,486 shares of the company’s stock after buying an additional 6,310,006 shares during the quarter. HRT Financial LP owned about 0.19% of Grab worth $37,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Grab by 40.7% during the 1st quarter. Cetera Investment Advisers now owns 95,552 shares of the company’s stock worth $433,000 after acquiring an additional 27,632 shares during the period. Vanguard Group Inc. raised its stake in Grab by 7.7% during the first quarter. Vanguard Group Inc. now owns 8,181,456 shares of the company’s stock worth $37,062,000 after purchasing an additional 583,864 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Grab by 15.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,686,789 shares of the company’s stock valued at $7,641,000 after buying an additional 225,660 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Grab by 17.7% during the 1st quarter. Public Sector Pension Investment Board now owns 1,248,205 shares of the company’s stock valued at $5,654,000 after buying an additional 187,900 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its holdings in shares of Grab by 22.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 728,811 shares of the company’s stock worth $3,305,000 after buying an additional 135,022 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

Grab stock opened at $5.15 on Friday. The firm has a market capitalization of $20.74 billion, a PE ratio of 128.78 and a beta of 0.89. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The stock’s 50 day moving average price is $5.61 and its 200 day moving average price is $5.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Grab had a net margin of 3.81% and a return on equity of 1.91%. The firm had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $870.44 million. As a group, sell-side analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GRAB shares. Jefferies Financial Group reiterated a “buy” rating and issued a $7.00 target price on shares of Grab in a report on Tuesday, November 4th. Mizuho set a $7.00 price objective on Grab in a research note on Tuesday, November 4th. Wall Street Zen cut Grab from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. HSBC restated a “hold” rating and issued a $6.20 price target on shares of Grab in a report on Wednesday, September 17th. Finally, Barclays boosted their price objective on shares of Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Grab currently has an average rating of “Moderate Buy” and an average price target of $6.37.

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.