Twenty Acre Capital LP Sells 220,100 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Twenty Acre Capital LP lessened its stake in Grab Holdings Limited (NASDAQ:GRAB) by 10.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,811,700 shares of the company’s stock after selling 220,100 shares during the quarter. Grab accounts for about 6.1% of Twenty Acre Capital LP’s investment portfolio, making the stock its 7th biggest holding. Twenty Acre Capital LP’s holdings in Grab were worth $6,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GRAB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Grab by 179.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock valued at $47,357,000 after buying an additional 8,004,912 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Grab by 24.0% during the third quarter. Public Sector Pension Investment Board now owns 1,095,005 shares of the company’s stock worth $4,161,000 after acquiring an additional 211,800 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Grab during the third quarter valued at approximately $22,434,000. Caz Investments LP grew its stake in Grab by 100.0% in the third quarter. Caz Investments LP now owns 3,700,232 shares of the company’s stock valued at $13,598,000 after purchasing an additional 1,850,116 shares in the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in shares of Grab during the 3rd quarter worth approximately $53,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Down 3.5 %

NASDAQ GRAB opened at $5.00 on Friday. The business has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $3.72. The stock has a market capitalization of $20.14 billion, a PE ratio of -250.00 and a beta of 0.81. Grab Holdings Limited has a fifty-two week low of $2.90 and a fifty-two week high of $5.72. 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 issued its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same quarter in the previous year, the company posted ($0.02) EPS. Equities analysts expect that Grab Holdings Limited will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America cut shares of Grab from a “buy” rating to an “underperform” rating and set a $4.90 price target for the company. in a research note on Friday, November 22nd. Evercore ISI raised their price target on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Mizuho lifted their price objective on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5.42.

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.