Thompson Siegel & Walmsley LLC Cuts Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Thompson Siegel & Walmsley LLC trimmed its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 33.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 348,582 shares of the company’s stock after selling 174,100 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Grab were worth $1,645,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GRAB. Global Retirement Partners LLC purchased a new position in Grab during the fourth quarter valued at $30,000. SeaBridge Investment Advisors LLC purchased a new position in shares of Grab in the 4th quarter worth $48,000. New York Life Investment Management LLC purchased a new position in shares of Grab in the 4th quarter worth $48,000. Atria Wealth Solutions Inc. purchased a new position in shares of Grab in the 4th quarter worth $49,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Grab in the 4th quarter worth $50,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Trading Up 3.3 %

Shares of GRAB opened at $4.40 on Friday. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a 50-day moving average of $4.67 and a 200 day moving average of $4.42. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of -220.00, a PEG ratio of 2.26 and a beta of 0.88. 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 (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting 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 company had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. On average, research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Citigroup reissued a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective for the company in a research note on Friday, February 21st. Finally, Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.62.

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.