23,858 Shares in Grab Holdings Limited (NASDAQ:GRAB) Purchased by Centurion Wealth Management LLC

Centurion Wealth Management LLC bought a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 23,858 shares of the company’s stock, valued at approximately $113,000.

A number of other hedge funds have also recently made changes to their positions in GRAB. Empowered Funds LLC lifted its stake in shares of Grab by 7.7% in the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after buying an additional 3,147 shares in the last quarter. FNY Investment Advisers LLC lifted its position in Grab by 13.9% in the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock valued at $135,000 after acquiring an additional 3,500 shares in the last quarter. Vestcor Inc boosted its stake in Grab by 16.6% during the 4th quarter. Vestcor Inc now owns 33,602 shares of the company’s stock valued at $159,000 after purchasing an additional 4,776 shares during the last quarter. Traynor Capital Management Inc. increased its holdings in shares of Grab by 47.7% in the 4th quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of Grab by 10.9% during the third quarter. Metis Global Partners LLC now owns 53,262 shares of the company’s stock valued at $202,000 after purchasing an additional 5,221 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of recent analyst reports. Barclays boosted their target price on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. China Renaissance downgraded shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective on the stock. in a research report on Thursday, November 21st. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a report on Friday, February 21st. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Two investment 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’s stock. According to MarketBeat, Grab has a consensus rating of “Moderate Buy” and a consensus price target of $5.62.

Grab Stock Performance

NASDAQ:GRAB opened at $4.40 on Monday. 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 50-day simple moving average of $4.67 and a two-hundred day simple moving average of $4.44. The firm has a market capitalization of $17.72 billion, a PE ratio of -220.00, a P/E/G ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

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.