Grab Holdings Limited $GRAB is Matthews International Capital Management LLC’s 7th Largest Position

Matthews International Capital Management LLC lowered its position in Grab Holdings Limited (NASDAQ:GRAB) by 15.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,116,032 shares of the company’s stock after selling 552,754 shares during the quarter. Grab accounts for 4.4% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Matthews International Capital Management LLC owned 0.08% of Grab worth $18,759,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted its position in Grab by 11.8% during the 2nd quarter. Invesco Ltd. now owns 63,881,785 shares of the company’s stock worth $321,325,000 after acquiring an additional 6,767,182 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Grab by 20.8% during the second quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock valued at $304,092,000 after acquiring an additional 10,428,014 shares in the last quarter. State Street Corp increased its position in shares of Grab by 1.8% during the second quarter. State Street Corp now owns 43,322,397 shares of the company’s stock worth $217,912,000 after acquiring an additional 759,696 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Grab by 13.4% in the second quarter. Artisan Partners Limited Partnership now owns 39,845,418 shares of the company’s stock worth $200,422,000 after acquiring an additional 4,710,420 shares in the last quarter. Finally, PointState Capital LP raised its position in shares of Grab by 50.6% in the 1st quarter. PointState Capital LP now owns 35,148,819 shares of the company’s stock valued at $159,224,000 after purchasing an additional 11,804,514 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $5.15 on Friday. The business has a 50-day moving average of $5.41 and a two-hundred day moving average of $5.35. Grab Holdings Limited has a fifty-two week low of $3.36 and a fifty-two week high of $6.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.83 and a quick ratio of 1.81. The stock has a market capitalization of $20.74 billion, a P/E ratio of 128.78 and a beta of 0.89.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $873.00 million for the quarter, compared to the consensus estimate of $870.44 million. Grab had a net margin of 3.81% and a return on equity of 1.91%. On average, equities research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GRAB has been the topic of several research analyst reports. Benchmark increased their price target on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $7.00 target price on shares of Grab in a research note on Tuesday, November 4th. Mizuho set a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. Hsbc Global Res cut Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.37.

Grab Company Profile

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.