Tudor Investment Corp ET AL Has $12.17 Million Position in Grab Holdings Limited $GRAB

Tudor Investment Corp ET AL raised its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 53.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,021,302 shares of the company’s stock after purchasing an additional 700,130 shares during the period. Tudor Investment Corp ET AL’s holdings in Grab were worth $12,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Advisory Services Network LLC acquired a new stake in shares of Grab during the 3rd quarter valued at about $38,000. AlphaCore Capital LLC bought a new stake in Grab in the second quarter valued at about $33,000. Larson Financial Group LLC raised its position in Grab by 162,500.0% in the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after purchasing an additional 6,500 shares in the last quarter. Allworth Financial LP lifted its stake in Grab by 70.9% during the third quarter. Allworth Financial LP now owns 8,085 shares of the company’s stock worth $49,000 after purchasing an additional 3,354 shares during the period. Finally, Abound Financial LLC acquired a new stake in Grab during the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Performance

NASDAQ GRAB opened at $3.56 on Friday. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62. The company has a 50 day moving average of $4.23 and a 200-day moving average of $5.09. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 118.71, a PEG ratio of 0.80 and a beta of 0.93.

Grab (NASDAQ:GRAB) last announced its earnings results on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $906.00 million for the quarter, compared to the consensus estimate of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. On average, equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd. Sanford C. Bernstein restated an “outperform” rating and set a $5.80 target price on shares of Grab in a research report on Monday, January 26th. Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective for the company in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $6.47.

Grab Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.