Grab Holdings Limited (NASDAQ:GRAB) Shares Acquired by Callan Capital LLC

Callan Capital LLC grew its stake in Grab Holdings Limited (NASDAQ:GRAB) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,196 shares of the company’s stock after purchasing an additional 5,290 shares during the quarter. Callan Capital LLC’s holdings in Grab were worth $147,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Grab during the 4th quarter worth approximately $30,000. Blue Trust Inc. increased its position in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after buying an additional 3,408 shares during the period. SeaBridge Investment Advisors LLC acquired a new stake in Grab in the fourth quarter worth $48,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Grab in the 4th quarter worth about $49,000. Finally, Traynor Capital Management Inc. acquired a new stake in shares of Grab in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Performance

Shares of GRAB opened at $4.90 on Monday. The firm’s 50 day moving average is $4.76 and its 200-day moving average is $4.29. The stock has a market capitalization of $19.73 billion, a P/E ratio of -245.00, a P/E/G ratio of 2.26 and a beta of 0.90. 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 12-month low of $2.98 and a 12-month high of $5.72.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Grab in a report on Thursday. China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 target price on the stock. in a research report on Thursday, November 21st. Citigroup reiterated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. HSBC raised Grab from a “hold” rating to a “buy” rating and lowered their price target for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, Mizuho upped their price objective on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Two investment 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 stock. According to data from MarketBeat, Grab presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.62.

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.