Deltec Asset Management LLC Decreases Stake in Grab Holdings Limited (NASDAQ:GRAB)

Deltec Asset Management LLC cut its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 30.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,000 shares of the company’s stock after selling 35,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Grab were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of Grab by 53.6% during the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares in the last quarter. Traynor Capital Management Inc. bought a new stake in Grab during the 3rd quarter valued at $41,000. SeaBridge Investment Advisors LLC purchased a new stake in shares of Grab during the fourth quarter worth $48,000. Glenmede Trust Co. NA bought a new position in shares of Grab in the third quarter worth $53,000. Finally, Baldwin Wealth Partners LLC MA purchased a new position in shares of Grab in the fourth quarter valued at $67,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Price Performance

Shares of Grab stock opened at $5.11 on Wednesday. The stock has a market capitalization of $20.58 billion, a P/E ratio of -255.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The business’s 50 day simple moving average is $4.85 and its two-hundred day simple moving average is $4.15.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $716.00 million during the quarter, compared to analysts’ expectations of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter in the prior year, the company posted ($0.02) EPS. Analysts forecast that Grab Holdings Limited will post -0.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GRAB. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of Grab in a report on Tuesday, November 12th. Barclays increased their target price on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and decreased their price target for the stock from $5.50 to $5.45 in a report on Tuesday. Daiwa Capital Markets assumed coverage on Grab in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price objective for the company. Finally, JPMorgan Chase & Co. raised their price target on Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.54.

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.