Artisan Partners Limited Partnership Purchases 1,340,082 Shares of Grab Holdings Limited $GRAB

Artisan Partners Limited Partnership lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,977,786 shares of the company’s stock after purchasing an additional 1,340,082 shares during the period. Artisan Partners Limited Partnership’s holdings in Grab were worth $139,609,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. ExodusPoint Capital Management LP raised its stake in Grab by 11.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,167,517 shares of the company’s stock valued at $5,826,000 after acquiring an additional 118,107 shares during the period. Fullerton Fund Management Co Ltd. grew its holdings in Grab by 165.7% in the 4th quarter. Fullerton Fund Management Co Ltd. now owns 29,549 shares of the company’s stock valued at $147,000 after buying an additional 18,428 shares in the last quarter. Graham Capital Management L.P. acquired a new position in Grab in the 4th quarter valued at $121,000. Polar Capital Holdings Plc grew its holdings in Grab by 10.3% in the 4th quarter. Polar Capital Holdings Plc now owns 14,388,355 shares of the company’s stock valued at $71,798,000 after buying an additional 1,341,345 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in Grab in the 4th quarter valued at $1,067,000. Institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their target price on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday, May 6th. Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Mizuho reduced their target price on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $6.19.

Grab Trading Up 0.9%

NASDAQ GRAB opened at $3.49 on Wednesday. The business has a 50 day simple moving average of $3.66 and a 200 day simple moving average of $4.19. Grab Holdings Limited has a one year low of $3.18 and a one year high of $6.62. The stock has a market capitalization of $14.30 billion, a P/E ratio of 349.35, a P/E/G ratio of 1.57 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a return on equity of 5.79% and a net margin of 10.67%.The business had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. Research analysts expect that Grab Holdings Limited will post 0.08 earnings per share for the current year.

Insider Transactions at Grab

In other Grab news, insider Chin Yin Ong sold 38,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.43, for a total value of $130,340.00. Following the completion of the sale, the insider owned 3,743,306 shares of the company’s stock, valued at approximately $12,839,539.58. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $3.51, for a total value of $1,404,000.00. Following the completion of the sale, the chief executive officer directly owned 425,193 shares of the company’s stock, valued at $1,492,427.43. This trade represents a 48.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,556,819 shares of company stock worth $5,649,017. 3.60% of the stock is currently owned by insiders.

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.