Grab Holdings Limited (NASDAQ:GRAB) Shares Acquired by Vestcor Inc

Vestcor Inc grew its stake in Grab Holdings Limited (NASDAQ:GRAB) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,602 shares of the company’s stock after purchasing an additional 4,776 shares during the quarter. Vestcor Inc’s holdings in Grab were worth $159,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GRAB. Global Retirement Partners LLC acquired a new stake in Grab during the fourth quarter worth about $30,000. SeaBridge Investment Advisors LLC acquired a new stake in Grab during the fourth quarter worth about $48,000. New York Life Investment Management LLC acquired a new stake in Grab during the fourth quarter worth about $48,000. Atria Wealth Solutions Inc. acquired a new stake in Grab during the fourth quarter worth about $49,000. Finally, Sanctuary Advisors LLC acquired a new stake in Grab during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Trading Up 3.4 %

Grab stock opened at $4.60 on Wednesday. The firm has a 50 day simple moving average of $4.66 and a 200-day simple moving average of $4.45. 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 stock has a market capitalization of $18.52 billion, a PE ratio of -230.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. As a group, equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GRAB has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective on the stock in a research note on Friday, February 21st. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Benchmark restated a “buy” rating and issued a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. Finally, Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.62.

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.