XTX Topco Ltd Buys 81,558 Shares of Grab Holdings Limited (NASDAQ:GRAB)

XTX Topco Ltd raised its stake in Grab Holdings Limited (NASDAQ:GRAB) by 265.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,274 shares of the company’s stock after acquiring an additional 81,558 shares during the period. XTX Topco Ltd’s holdings in Grab were worth $427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in Grab by 13.4% in the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock worth $472,394,000 after purchasing an additional 14,671,388 shares in the last quarter. Baillie Gifford & Co. acquired a new position in Grab in the second quarter worth $166,587,000. State Street Corp boosted its stake in Grab by 2.3% in the third quarter. State Street Corp now owns 43,570,388 shares of the company’s stock worth $165,567,000 after purchasing an additional 967,233 shares in the last quarter. Coronation Fund Managers Ltd. boosted its stake in Grab by 11.4% in the third quarter. Coronation Fund Managers Ltd. now owns 33,735,725 shares of the company’s stock worth $128,196,000 after purchasing an additional 3,442,581 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Grab by 39.7% in the second quarter. Marshall Wace LLP now owns 30,405,993 shares of the company’s stock worth $107,941,000 after purchasing an additional 8,635,310 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GRAB shares. Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Tuesday, November 12th. Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. Evercore ISI upped their price target on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays upped their price target on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, HSBC lowered Grab from a “buy” rating to a “hold” rating and upped their price target for the company from $4.25 to $5.50 in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Grab currently has an average rating of “Moderate Buy” and a consensus price target of $5.53.

Grab Trading Down 1.0 %

NASDAQ GRAB opened at $5.13 on Friday. The stock has a 50-day simple moving average of $4.55 and a 200 day simple moving average of $3.85. The company has a market capitalization of $20.66 billion, a PE ratio of -256.50 and a beta of 0.90. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 12 month low of $2.90 and a 12 month high of $5.72.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Monday, November 11th. The company reported $0.01 EPS 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 during the quarter, compared to the consensus estimate of $705.40 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. Research analysts forecast that Grab Holdings Limited will post -0.03 EPS for the current year.

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.