Nordea Investment Management AB Has $119.49 Million Stock Holdings in Grab Holdings Limited $GRAB

Nordea Investment Management AB lifted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 19.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,685,128 shares of the company’s stock after acquiring an additional 3,799,121 shares during the period. Nordea Investment Management AB’s holdings in Grab were worth $119,491,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in GRAB. Integrated Wealth Concepts LLC increased its stake in Grab by 201.2% in the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock valued at $160,000 after acquiring an additional 23,639 shares during the period. Goldman Sachs Group Inc. lifted its stake in Grab by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock worth $41,817,000 after purchasing an additional 529,433 shares during the period. Empowered Funds LLC lifted its stake in Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after purchasing an additional 3,090 shares during the period. Focus Partners Wealth acquired a new stake in Grab during the first quarter valued at approximately $63,000. Finally, ProShare Advisors LLC boosted its holdings in Grab by 67.4% during the second quarter. ProShare Advisors LLC now owns 25,816 shares of the company’s stock valued at $130,000 after purchasing an additional 10,395 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Performance

NASDAQ GRAB opened at $3.56 on Monday. 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $5.80 target price on shares of Grab in a report on Monday, January 26th. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Benchmark reiterated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $6.47.

About Grab

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.