580,658 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 580,658 shares of the company’s stock, valued at approximately $1,823,000.

Several other large investors have also recently added to or reduced their stakes in the company. PFG Investments LLC acquired a new stake in Grab in the first quarter worth $31,000. Miracle Mile Advisors LLC acquired a new stake in Grab in the first quarter worth $32,000. Optas LLC acquired a new stake in Grab in the fourth quarter worth $36,000. Meridian Wealth Partners LLC acquired a new stake in Grab in the fourth quarter worth $36,000. Finally, Lane & Associates LLC acquired a new stake in Grab in the first quarter worth $39,000. 55.52% of the stock is currently owned by institutional investors.

Grab Price Performance

NASDAQ:GRAB traded down $0.02 during mid-day trading on Wednesday, reaching $3.56. 4,225,143 shares of the stock were exchanged, compared to its average volume of 22,542,314. The business has a fifty day moving average price of $3.59 and a 200 day moving average price of $3.37. The firm has a market capitalization of $13.97 billion, a PE ratio of -51.14 and a beta of 0.81. Grab Holdings Limited has a 1-year low of $2.90 and a 1-year high of $3.92. The company has a current ratio of 3.26, a quick ratio of 3.22 and a debt-to-equity ratio of 0.03.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Grab had a negative net margin of 11.86% and a negative return on equity of 4.62%. The company had revenue of $653.00 million during the quarter, compared to analyst estimates of $662.48 million. Research analysts expect that Grab Holdings Limited will post -0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays raised their price target on Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Mizuho assumed coverage on Grab in a report on Thursday, June 27th. They set an “outperform” rating and a $5.00 price target on the stock. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Grab in a report on Friday, May 17th. They set a “buy” rating and a $4.50 price target on the stock. Finally, HSBC reissued a “buy” rating and set a $4.30 price target on shares of Grab in a report on Thursday, April 4th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $5.06.

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.