Eurizon SLJ Capital Ltd Buys Shares of 265,823 Grab Holdings Limited $GRAB

Eurizon SLJ Capital Ltd bought a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 265,823 shares of the company’s stock, valued at approximately $1,326,000.

A number of other hedge funds also recently added to or reduced their stakes in GRAB. Signaturefd LLC lifted its stake in Grab by 64.6% in the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after buying an additional 2,543 shares during the last quarter. Advisory Services Network LLC bought a new stake in Grab in the third quarter valued at $38,000. Larson Financial Group LLC lifted its stake in Grab by 162,500.0% in the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after buying an additional 6,500 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Grab by 66.9% in the fourth quarter. Global Retirement Partners LLC now owns 8,516 shares of the company’s stock valued at $42,000 after buying an additional 3,414 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Grab by 70.9% in the third quarter. Allworth Financial LP now owns 8,085 shares of the company’s stock valued at $49,000 after buying an additional 3,354 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GRAB shares. Benchmark reiterated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Morgan Stanley set a $5.90 target price on Grab in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.19.

Insiders Place Their Bets

In related news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $3.92, for a total transaction of $117,600.00. Following the transaction, the insider directly owned 4,145,430 shares of the company’s stock, valued at $16,250,085.60. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $3.92, for a total value of $196,000.00. Following the transaction, the chief financial officer directly owned 7,050,165 shares in the company, valued at approximately $27,636,646.80. The trade was a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,118,819 shares of company stock valued at $4,114,677 over the last three months. 3.60% of the stock is currently owned by company insiders.

Grab Price Performance

Shares of GRAB opened at $3.54 on Friday. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 354.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. Grab Holdings Limited has a one year low of $3.39 and a one year high of $6.62. The stock’s fifty day moving average is $3.71 and its 200-day moving average is $4.36.

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