Traynor Capital Management Inc. Has $75,000 Stake in Grab Holdings Limited (NASDAQ:GRAB)

Traynor Capital Management Inc. grew its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 47.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,800 shares of the company’s stock after purchasing an additional 5,100 shares during the quarter. Traynor Capital Management Inc.’s holdings in Grab were worth $75,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in Grab by 7.7% in the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock valued at $166,000 after acquiring an additional 3,147 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after purchasing an additional 3,408 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of Grab by 13.9% during the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after buying an additional 3,500 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Grab by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock worth $2,951,000 after buying an additional 3,941 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in Grab by 34.5% in the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock valued at $70,000 after buying an additional 4,725 shares during the period. Institutional investors own 55.52% of the company’s stock.

Grab Trading Down 0.4 %

Shares of NASDAQ:GRAB opened at $4.64 on Friday. The firm has a market cap of $18.69 billion, a price-to-earnings ratio of -232.00, a PEG ratio of 1.82 and a beta of 0.90. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72. The company’s fifty day simple moving average is $4.94 and its 200 day simple moving average is $4.08.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The company had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same period in the previous year, the company posted ($0.02) earnings per share. As a group, research analysts forecast that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on GRAB shares. 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. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. Evercore ISI raised their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays boosted their target price on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, HSBC lowered shares of Grab from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $4.25 to $5.50 in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.55.

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.