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Allspring reduced its stake in Grab, but the tech company still has a "Moderate Buy" rating.
Allspring Global Investments Holdings LLC sold 397,685 shares of Grab Holdings Limited in Q1 2022, reducing its stake but still owning 19,691,619 shares worth about $89.59 million.
Despite this sale, the consensus rating for Grab remains a "Moderate Buy" with a target price of $5.71.
Grab, a tech company providing superapp services in Southeast Asia, has a market cap of $19.81 billion and a P/E ratio of 246.12.
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Allspring redujo su participación en Grab, pero la compañía tecnológica aún tiene una calificación de "Compra Moderada".