Grab Holdings Limited $GRAB Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,910,523 shares of the company’s stock after acquiring an additional 259,099 shares during the period. Vanguard Group Inc.’s holdings in Grab were worth $44,464,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after acquiring an additional 2,543 shares during the last quarter. Advisory Services Network LLC acquired a new position in Grab in the 3rd quarter valued at $38,000. Larson Financial Group LLC raised its holdings in Grab by 162,500.0% in the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after acquiring an additional 6,500 shares during the last quarter. Allworth Financial LP raised its holdings in Grab by 70.9% in the 3rd quarter. Allworth Financial LP now owns 8,085 shares of the company’s stock valued at $49,000 after acquiring an additional 3,354 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new position in Grab in the 2nd quarter valued at $54,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Grab

In other news, insider Philipp Wolfgang Josef Kandal sold 20,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $4.00, for a total transaction of $80,000.00. Following the completion of the sale, the insider directly owned 4,125,430 shares in the company, valued at $16,501,720. This represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 38,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $3.59, for a total value of $136,420.00. Following the sale, the insider owned 3,822,988 shares of the company’s stock, valued at approximately $13,724,526.92. The trade was a 0.98% 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. Over the last quarter, insiders sold 990,819 shares of company stock worth $3,661,077. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on GRAB shares. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Wednesday, May 6th. Benchmark reiterated a “buy” rating on shares of Grab in a report on Thursday, February 12th. Mizuho cut their price target on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Zacks Research downgraded Grab from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and an average price target of $6.19.

Grab Trading Down 0.6%

GRAB stock opened at $3.55 on Friday. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 355.36, a PEG ratio of 1.61 and a beta of 0.93. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $3.77 and a 200-day simple moving average of $4.52. Grab Holdings Limited has a 52 week low of $3.46 and a 52 week high of $6.62.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. On average, equities research analysts expect 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.