Udine Wealth Management Inc. Buys 142,546 Shares of Grab Holdings Limited $GRAB

Udine Wealth Management Inc. raised its stake in Grab Holdings Limited (NASDAQ:GRAB) by 58.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,391 shares of the company’s stock after acquiring an additional 142,546 shares during the period. Grab makes up 1.1% of Udine Wealth Management Inc.’s portfolio, making the stock its 29th biggest position. Udine Wealth Management Inc.’s holdings in Grab were worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of GRAB. Miracle Mile Advisors LLC increased its stake in Grab by 6.4% during 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 grew its holdings in shares of Grab by 4.4% during the third quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company’s stock valued at $294,000 after buying an additional 2,049 shares during the last quarter. Pitcairn Co. increased its position in shares of Grab by 11.0% during the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after acquiring an additional 2,080 shares in the last quarter. Leibman Financial Services Inc. increased its position in shares of Grab by 1.0% during the third quarter. Leibman Financial Services Inc. now owns 223,884 shares of the company’s stock valued at $1,348,000 after acquiring an additional 2,141 shares in the last quarter. Finally, J2 Capital Management Inc raised its holdings in Grab by 21.5% in the 2nd quarter. J2 Capital Management Inc now owns 12,189 shares of the company’s stock worth $61,000 after acquiring an additional 2,155 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on GRAB shares. Barclays lifted their target price on Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Mizuho set a $7.00 price objective on Grab in a report on Tuesday, November 4th. Hsbc Global Res cut shares of Grab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a report on Wednesday, October 8th. Finally, HSBC reissued a “hold” rating and set a $6.20 price objective on shares of Grab in a report on Wednesday, September 17th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Grab has an average rating of “Moderate Buy” and a consensus price target of $6.58.

Grab Stock Down 3.3%

GRAB stock opened at $4.63 on Thursday. The company has a market cap of $18.65 billion, a price-to-earnings ratio of 115.78 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83. The business’s 50-day moving average is $5.19 and its two-hundred day moving average is $5.37. Grab Holdings Limited has a fifty-two week low of $3.36 and a fifty-two week high of $6.62.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Grab had a net margin of 3.81% and a return on equity of 1.91%. The firm had revenue of $873.00 million for the quarter, compared to the consensus estimate of $870.44 million. As a group, analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

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.