Belpointe Asset Management LLC Makes New Investment in Grab Holdings Limited $GRAB

Belpointe Asset Management LLC bought a new position in Grab Holdings Limited (NASDAQ:GRAB) in the 3rd quarter, Holdings Channel.com reports. The fund bought 133,230 shares of the company’s stock, valued at approximately $802,000.

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

Analysts Set New Price Targets

A number of equities analysts have commented on GRAB shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Mizuho set a $7.00 price target on shares of Grab in a report on Tuesday, November 4th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Barclays upped their target price on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $6.47.

Grab Trading Down 1.3%

Grab stock opened at $4.47 on Friday. Grab Holdings Limited has a 52-week low of $3.36 and a 52-week high of $6.62. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $18.00 billion, a price-to-earnings ratio of 111.78 and a beta of 0.90. The firm has a 50-day moving average price of $4.96 and a two-hundred day moving average price of $5.34.

Grab (NASDAQ:GRAB) last announced 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 during the quarter, compared to analyst estimates of $870.44 million. Grab had a net margin of 3.81% and a return on equity of 1.91%. Sell-side analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

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.