Fullerton Fund Management Co Ltd. Sells 4,558 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Fullerton Fund Management Co Ltd. lessened its stake in Grab Holdings Limited (NASDAQ:GRAB) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,616 shares of the company’s stock after selling 4,558 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in Grab were worth $55,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Uber Technologies Inc acquired a new stake in shares of Grab during the 4th quarter worth approximately $2,529,462,000. Hanwha Asset Management Co. Ltd. bought a new stake in Grab during the fourth quarter worth $227,718,000. Baillie Gifford & Co. lifted its stake in Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock worth $221,942,000 after purchasing an additional 4,259,537 shares during the last quarter. Perpetual Ltd bought a new position in shares of Grab in the 4th quarter valued at $213,177,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Grab by 5,066.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company’s stock valued at $160,075,000 after purchasing an additional 33,257,610 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Grab stock opened at $4.90 on Friday. The firm has a market cap of $19.73 billion, a P/E ratio of -245.00, a P/E/G ratio of 2.26 and a beta of 0.86. The stock’s 50 day moving average is $4.43 and its 200 day moving average is $4.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $762.57 million. As a group, research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GRAB shares. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and dropped their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. CLSA raised shares of Grab to a “moderate buy” rating in a research note on Wednesday, April 9th. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. Citigroup reiterated a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Finally, Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and a consensus target price of $5.60.

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.