Congress Wealth Management LLC DE Sells 6,468 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Congress Wealth Management LLC DE cut its stake in Grab Holdings Limited (NASDAQ:GRAB) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,033 shares of the company’s stock after selling 6,468 shares during the period. Congress Wealth Management LLC DE’s holdings in Grab were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GRAB. Twin Tree Management LP acquired a new position in shares of Grab during the fourth quarter worth about $25,000. Global Retirement Partners LLC acquired a new position in Grab during the 4th quarter worth approximately $30,000. Campbell Capital Management Inc. bought a new position in shares of Grab during the 4th quarter worth approximately $30,000. TD Private Client Wealth LLC raised its holdings in shares of Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after purchasing an additional 7,890 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new stake in shares of Grab in the fourth quarter worth $48,000. Institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and decreased their target price for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Barclays lifted their target price on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective for the company in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.62.

Grab Stock Down 4.8 %

GRAB stock opened at $4.57 on Friday. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The business’s 50 day simple moving average is $4.68 and its 200 day simple moving average is $4.51. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $18.40 billion, a PE ratio of -228.50, a PEG ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. As a group, research analysts anticipate 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.