4,162,100 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd purchased a new position in Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,162,100 shares of the company’s stock, valued at approximately $19,643,000. Grab comprises 7.4% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 5th largest position. Aubrey Capital Management Ltd owned approximately 0.10% of Grab at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Empowered Funds LLC increased its position in Grab by 7.7% during the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock valued at $166,000 after acquiring an additional 3,147 shares during the last quarter. Blue Trust Inc. increased its position in Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after acquiring an additional 3,408 shares during the last quarter. FNY Investment Advisers LLC increased its position in Grab by 13.9% during the fourth 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 during the last quarter. Asset Management One Co. Ltd. increased its position in Grab by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock valued at $2,951,000 after acquiring an additional 3,941 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its position in Grab by 34.5% during the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock valued at $70,000 after acquiring an additional 4,725 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GRAB. Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Tuesday, November 12th. Barclays boosted their price objective on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and lowered their target price for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Daiwa Capital Markets began coverage on shares of Grab in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 target price for the company. Finally, JPMorgan Chase & Co. lowered shares of Grab from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.54.

Grab Stock Up 2.6 %

NASDAQ:GRAB opened at $4.79 on Monday. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a 50-day moving average of $4.82 and a 200 day moving average of $4.17. The firm has a market cap of $19.29 billion, a PE ratio of -239.50, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $716.00 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned ($0.02) earnings per share. As a group, research analysts anticipate that Grab Holdings Limited will post -0.02 EPS for the current fiscal year.

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.