Grab Holdings Limited $GRAB Shares Purchased by BIT Capital GmbH

BIT Capital GmbH boosted its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 395.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,385,500 shares of the company’s stock after purchasing an additional 2,702,076 shares during the quarter. BIT Capital GmbH’s holdings in Grab were worth $20,381,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Invesco Ltd. grew its stake in shares of Grab by 11.8% in the 2nd quarter. Invesco Ltd. now owns 63,881,785 shares of the company’s stock valued at $321,325,000 after purchasing an additional 6,767,182 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Grab by 20.8% in 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 stake 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 period. Artisan Partners Limited Partnership raised its holdings in Grab by 13.4% during the second quarter. Artisan Partners Limited Partnership now owns 39,845,418 shares of the company’s stock worth $200,422,000 after purchasing an additional 4,710,420 shares in the last quarter. Finally, Norges Bank acquired a new stake in Grab in the second quarter valued at about $175,192,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Price Performance

Shares of Grab stock opened at $4.40 on Friday. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 146.72, a PEG ratio of 0.97 and a beta of 0.92. The firm has a fifty day simple moving average of $4.67 and a 200-day simple moving average of $5.24. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62.

Grab (NASDAQ:GRAB) last released its earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $906.00 million for the quarter, compared to the consensus estimate of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. On average, sell-side analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on GRAB shares. Benchmark reiterated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Jefferies Financial Group reiterated a “buy” rating and set a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. Wall Street Zen upgraded shares of Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Barclays boosted their price target on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Finally, HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 target price on the stock in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Grab currently has a consensus rating of “Buy” and a consensus target price of $6.47.

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.