Stanley Laman Group Ltd. Buys Shares of 200,000 Grab Holdings Limited $GRAB

Stanley Laman Group Ltd. bought a new position in Grab Holdings Limited (NASDAQ:GRAB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 200,000 shares of the company’s stock, valued at approximately $1,204,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaCore Capital LLC purchased a new position in Grab during the second quarter valued at $33,000. Caitong International Asset Management Co. Ltd grew its holdings in Grab by 51.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after buying an additional 2,634 shares in the last quarter. Prospera Financial Services Inc purchased a new position in Grab during the second quarter valued at $50,000. Savant Capital LLC purchased a new position in shares of Grab during the second quarter valued at about $51,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Grab in the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Trading Up 1.8%

Shares of NASDAQ:GRAB opened at $5.08 on Monday. The company has a market capitalization of $20.46 billion, a PE ratio of 127.03 and a beta of 0.90. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $5.35 and its 200-day simple moving average is $5.36. Grab Holdings Limited has a 12-month low of $3.36 and a 12-month high of $6.62.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on GRAB. Wall Street Zen downgraded shares of Grab from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Barclays upped their price objective on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. HSBC reaffirmed a “hold” rating and set a $6.20 price objective on shares of Grab in a research note on Wednesday, September 17th. Benchmark upped their target price on Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.37.

About Grab

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.