Andra AP fonden Grows Stock Holdings in Grab Holdings Limited $GRAB

Andra AP fonden lifted its stake in Grab Holdings Limited (NASDAQ:GRAB) by 48.9% during the first quarter, HoldingsChannel.com reports. The firm owned 1,337,400 shares of the company’s stock after purchasing an additional 439,500 shares during the quarter. Andra AP fonden’s holdings in Grab were worth $4,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GRAB. WCM Investment Management LLC increased its position in Grab by 5.7% during the 1st quarter. WCM Investment Management LLC now owns 1,022,246 shares of the company’s stock valued at $3,609,000 after buying an additional 55,121 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Grab by 11.9% in the first quarter. Dimensional Fund Advisors LP now owns 341,881 shares of the company’s stock worth $1,251,000 after acquiring an additional 36,363 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Grab by 277.1% in the first quarter. Parallel Advisors LLC now owns 23,032 shares of the company’s stock worth $84,000 after acquiring an additional 16,925 shares in the last quarter. KBC Group NV boosted its holdings in Grab by 0.4% in the first quarter. KBC Group NV now owns 1,096,393 shares of the company’s stock worth $4,012,000 after acquiring an additional 4,170 shares in the last quarter. Finally, SEB Asset Management AB purchased a new stake in shares of Grab in the first quarter worth $1,819,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley restated an “overweight” rating and set a $6.25 price target on shares of Grab in a report on Tuesday, June 30th. JPMorgan Chase & Co. dropped their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Wednesday, May 6th. Finally, Mizuho decreased their target price on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.01.

Grab Stock Down 4.3%

GRAB stock opened at $3.35 on Thursday. Grab Holdings Limited has a 1-year low of $3.18 and a 1-year high of $6.62. The business has a fifty day moving average price of $3.59 and a 200-day moving average price of $3.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. The stock has a market capitalization of $13.73 billion, a P/E ratio of 335.34, a P/E/G ratio of 1.34 and a beta of 0.87.

Grab (NASDAQ:GRAB) last released its quarterly earnings data 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 net margin of 10.67% and a return on equity of 5.79%. The business had revenue of $955.00 million for the quarter, compared to analysts’ expectations of $921.71 million. Equities analysts forecast that Grab Holdings Limited will post 0.1 earnings per share for the current fiscal year.

Insider Activity at Grab

In other news, insider Chin Yin Ong sold 48,000 shares of Grab stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total value of $170,400.00. Following the completion of the sale, the insider directly owned 3,781,306 shares in the company, valued at $13,423,636.30. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Alexander Charles Hungate sold 144,093 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $3.45, for a total transaction of $497,120.85. Following the transaction, the chief operating officer directly owned 6,254,023 shares of the company’s stock, valued at $21,576,379.35. The trade was a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,666,093 shares of company stock worth $6,083,321 over the last quarter. 3.60% of the stock is currently owned by insiders.

Grab Company 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.