Parkwood LLC acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,002,989 shares of the company’s stock, valued at approximately $7,151,000. Grab makes up approximately 1.2% of Parkwood LLC’s investment portfolio, making the stock its 26th largest position.
A number of other institutional investors and hedge funds also recently modified their holdings of GRAB. Valeo Financial Advisors LLC bought a new stake in Grab during the 4th quarter worth approximately $310,000. Exchange Traded Concepts LLC bought a new position in shares of Grab in the fourth quarter valued at approximately $414,000. Clear Street LLC bought a new position in shares of Grab in the fourth quarter valued at approximately $838,000. Russell Investments Group Ltd. bought a new position in shares of Grab in the fourth quarter valued at approximately $8,150,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Grab in the fourth quarter valued at approximately $185,000. 46.25% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Grab from a “sell” rating to a “hold” rating in a report on Tuesday. Bank of America assumed coverage on Grab in a report on Tuesday, March 15th. They issued a “neutral” rating and a $3.60 target price for the company. Loop Capital assumed coverage on Grab in a report on Tuesday, January 18th. They issued a “buy” rating and a $8.00 target price for the company. DBS Vickers lowered Grab from a “buy” rating to a “hold” rating and set a $5.60 target price for the company. in a report on Thursday, February 24th. Finally, Sanford C. Bernstein started coverage on Grab in a research note on Tuesday, April 19th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.21.
Grab Profile (Get Rating)
Grab Holdings Limited operates a transportation and fintech platform in Southeast Asia. It offers a range of services, including mobility, food, package and grocery delivery services, mobile payments, and financial services. The company was founded in 2012 and is based in Singapore.
- Get a free copy of the StockNews.com research report on Grab (GRAB)
- The Institutions Are Capping Gains In Take-Two Interactive
- Walmart’s “Everyday Low Prices” Gets Burned By Inflation
- VMWare Inc: Strong Revenues and Excellent Potential
- Time to Ride These 3 Mid Cap Momentum Plays
- Beware The Rebound In Home Depot
Receive News & Ratings for Grab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grab and related companies with MarketBeat.com's FREE daily email newsletter.