Leibman Financial Services Inc. Takes $937,000 Position in Grab Holdings Limited (NASDAQ:GRAB)

Leibman Financial Services Inc. purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 198,527 shares of the company’s stock, valued at approximately $937,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in Grab by 53.6% during the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after purchasing an additional 3,408 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in Grab during the third quarter valued at $41,000. Glenmede Trust Co. NA bought a new position in shares of Grab in the 3rd quarter worth about $53,000. Wedbush Securities Inc. bought a new stake in shares of Grab during the 2nd quarter valued at about $65,000. Finally, First Trust Direct Indexing L.P. lifted its holdings in Grab by 34.5% in the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock worth $70,000 after acquiring an additional 4,725 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. HSBC lowered shares of Grab from a “buy” rating to a “hold” rating and boosted their target price for the company from $4.25 to $5.50 in a research note on Thursday, December 5th. Barclays raised their target price on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Mizuho boosted their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Grab has a consensus rating of “Moderate Buy” and an average price target of $5.55.

Grab Stock Performance

Grab stock opened at $4.50 on Tuesday. Grab Holdings Limited has a fifty-two week low of $2.90 and a fifty-two week high of $5.72. The firm’s 50 day simple moving average is $4.94 and its 200-day simple moving average is $4.03. 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 company has a market cap of $18.12 billion, a P/E ratio of -225.00 and a beta of 0.90.

Grab (NASDAQ:GRAB) last issued 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 for the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the previous year, the company posted ($0.02) earnings per share. As a group, equities research analysts predict that Grab Holdings Limited will post -0.03 EPS for the current 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.