Grab Holdings Limited $GRAB Shares Purchased by Andra AP fonden

Andra AP fonden raised its stake in Grab Holdings Limited (NASDAQ:GRAB) by 86.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 451,100 shares of the company’s stock after purchasing an additional 209,100 shares during the period. Andra AP fonden’s holdings in Grab were worth $2,716,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Grab by 15.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock worth $82,000 after acquiring an additional 1,768 shares during the period. Savant Capital LLC raised its holdings in shares of Grab by 19.3% during the 3rd quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock valued at $73,000 after buying an additional 1,957 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Grab by 6.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 33,290 shares of the company’s stock valued at $200,000 after purchasing an additional 2,007 shares in the last quarter. Centurion Wealth Management LLC raised its position in shares of Grab by 4.4% during the 3rd quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company’s stock valued at $294,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Pitcairn Co. lifted its stake in Grab by 11.0% in the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after buying an additional 2,080 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Down 2.1%

Shares of GRAB stock opened at $4.22 on Friday. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 140.71, a PEG ratio of 0.95 and a beta of 0.92. Grab Holdings Limited has a 1 year low of $3.36 and a 1 year high of $6.62. The company’s fifty day simple moving average is $4.59 and its two-hundred day simple moving average is $5.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.73.

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

Analysts Set New Price Targets

GRAB has been the subject of several research reports. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective for the company in a research note on Friday, January 16th. Mizuho set a $7.00 price objective on shares of Grab in a report on Tuesday, November 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $5.80 price target on shares of Grab in a research note on Monday, January 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $6.47.

Grab 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.