Parkwood LLC Makes New $7.15 Million Investment in Grab Holdings Limited (NASDAQ:GRAB)

Parkwood LLC acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRABGet 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.

Shares of NASDAQ:GRAB traded up $0.15 during trading on Tuesday, hitting $2.73. 15,629,603 shares of the company were exchanged, compared to its average volume of 22,958,205. The firm’s 50 day moving average is $3.25. Grab Holdings Limited has a 52-week low of $2.31 and a 52-week high of $13.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.46 and a quick ratio of 8.45.

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.

See Also

Want to see what other hedge funds are holding GRAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grab Holdings Limited (NASDAQ:GRABGet Rating).

Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

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.