Nordea Investment Management AB Has $81.36 Million Stake in Grab Holdings Limited (NASDAQ:GRAB)

Nordea Investment Management AB increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,181,844 shares of the company’s stock after purchasing an additional 2,297,932 shares during the period. Nordea Investment Management AB’s holdings in Grab were worth $81,356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of Grab by 4,311.8% during the third quarter. Tidal Investments LLC now owns 445,103 shares of the company’s stock worth $1,691,000 after purchasing an additional 435,014 shares during the period. Toronto Dominion Bank increased its stake in Grab by 20.2% during the 3rd quarter. Toronto Dominion Bank now owns 6,172,860 shares of the company’s stock worth $23,457,000 after acquiring an additional 1,035,269 shares during the period. Geode Capital Management LLC raised its holdings in Grab by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 20,666,618 shares of the company’s stock valued at $77,414,000 after acquiring an additional 591,898 shares in the last quarter. M&T Bank Corp lifted its position in shares of Grab by 1.7% during the 3rd quarter. M&T Bank Corp now owns 335,179 shares of the company’s stock valued at $1,274,000 after acquiring an additional 5,545 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Grab during the 3rd quarter worth $696,000. 55.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 price target for the company. in a research note on Thursday, November 21st. Mizuho upped their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Daiwa Capital Markets started coverage on shares of Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target on the stock. Hsbc Global Res downgraded shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their target price on Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Grab currently has an average rating of “Moderate Buy” and an average price target of $5.55.

Grab Trading Down 2.7 %

NASDAQ GRAB opened at $4.74 on Wednesday. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $5.72. The business’s fifty day moving average is $4.90 and its 200 day moving average is $4.00. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company has a market cap of $19.09 billion, a price-to-earnings ratio of -237.00 and a beta of 0.90.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $716.00 million for the quarter, compared to analysts’ expectations 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 business posted ($0.02) earnings per share. As a group, sell-side analysts expect that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

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.