Rothschild Investment LLC Has $201,000 Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Rothschild Investment LLC grew its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 68.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,491 shares of the company’s stock after purchasing an additional 17,235 shares during the period. Rothschild Investment LLC’s holdings in Grab were worth $201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Empowered Funds LLC grew its position in shares of Grab by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after purchasing an additional 3,147 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 3,408 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of Grab by 13.9% during the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after acquiring an additional 3,500 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Grab by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock worth $2,951,000 after acquiring an additional 3,941 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Grab by 34.5% during the 3rd 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 period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Trading Down 5.4 %

Shares of NASDAQ GRAB opened at $4.56 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The firm has a 50 day moving average price of $4.75 and a two-hundred day moving average price of $4.31. The stock has a market cap of $18.36 billion, a P/E ratio of -228.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (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 firm had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $762.57 million. As a group, equities analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GRAB. Evercore ISI upped their price target on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. China Renaissance downgraded shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target for the company. in a report on Thursday, November 21st. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and dropped their price objective for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Finally, Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Grab currently has an average rating of “Moderate Buy” and an average price target of $5.62.

Grab Company 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.