The Manufacturers Life Insurance Company Sells 6,516,584 Shares of Grab Holdings Limited $GRAB

The Manufacturers Life Insurance Company decreased its position in Grab Holdings Limited (NASDAQ:GRAB) by 55.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,332,071 shares of the company’s stock after selling 6,516,584 shares during the period. The Manufacturers Life Insurance Company’s holdings in Grab were worth $20,102,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Grab by 6.4% in the 2nd quarter. BlackRock Inc. now owns 156,175,807 shares of the company’s stock worth $588,783,000 after buying an additional 9,357,389 shares during the last quarter. Invesco Ltd. increased its position in shares of Grab by 24.9% during the third quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock valued at $480,383,000 after acquiring an additional 15,916,063 shares during the last quarter. Marshall Wace LLP lifted its holdings in Grab by 49.2% during the fourth quarter. Marshall Wace LLP now owns 72,453,397 shares of the company’s stock worth $361,542,000 after acquiring an additional 23,891,108 shares during the period. JPMorgan Chase & Co. lifted its holdings in Grab by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 56,669,014 shares of the company’s stock worth $282,778,000 after acquiring an additional 878,966 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Grab by 58.0% in the first quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock worth $200,957,000 after purchasing an additional 20,152,535 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on GRAB shares. Benchmark restated a “buy” rating on shares of Grab in a research note on Tuesday, August 4th. Weiss Ratings cut Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Morgan Stanley reissued an “overweight” rating and issued a $6.25 price target on shares of Grab in a report on Tuesday, June 30th. Barclays reduced their price target on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.01.

Grab Price Performance

Shares of NASDAQ GRAB opened at $3.05 on Friday. The stock has a fifty day simple moving average of $3.56 and a two-hundred day simple moving average of $3.66. Grab Holdings Limited has a 1-year low of $2.96 and a 1-year high of $6.62. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 50.84, a price-to-earnings-growth ratio of 0.80 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $997.00 million during the quarter, compared to the consensus estimate of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. Analysts anticipate that Grab Holdings Limited will post 0.13 earnings per share for the current year.

Key Grab News

Here are the key news stories impacting Grab this week:

• Positive Sentiment: Traders purchased a large volume of GRAB call options, while overall options activity was unusually high. This may reflect speculative expectations for a rebound or a catalyst, although options flow does not guarantee a fundamental improvement. Traders Buy Large Volume of Call Options on Grab
• Positive Sentiment: Grab is reportedly in talks to acquire Singapore-based buy-now-pay-later provider Atome Financial, potentially at a valuation above $2 billion. The deal could expand Grab’s financial-services ecosystem and strengthen its consumer-credit business if executed effectively. Grab Is Said in Talks to Buy SoftBank-Backed Fintech Firm Atome
• Positive Sentiment: Grab and taxi operators in Iloilo, Philippines, expanded access to electric-vehicle ride-hailing. The initiative supports Grab’s sustainability efforts and could broaden its vehicle and driver network over time. Grab, Iloilo Taxi Operators Expand Access to EV Ride-Hailing
• Neutral Sentiment: Grab became one of the most heavily searched stocks on Zacks, indicating elevated investor interest but not necessarily a change in earnings prospects or valuation. Investors Heavily Search Grab Holdings
• Negative Sentiment: Grab reportedly faces a planned two-day boycott by drivers in Vietnam over commission fees and falling earnings. Disruptions could weigh on rides, driver availability, revenue, and platform sentiment. Vietnam Grab Drivers Plan Weekend Boycott
• Negative Sentiment: Grab reached a new one-year low following reports of insider selling, adding to investor concerns about confidence among company insiders. Grab Hits New One-Year Low After Insider Selling
• Negative Sentiment: Reports of the potential Atome acquisition have also pressured the stock because investors may be concerned about the transaction’s size, financing, integration risks, and exposure to consumer credit. Grab Holdings Slips on Atome Acquisition Reports

Insider Buying and Selling

In related news, CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $3.60, for a total value of $180,000.00. Following the completion of the sale, the chief financial officer owned 6,853,470 shares of the company’s stock, valued at approximately $24,672,492. This trade represents a 0.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ping Tan sold 400,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $3.62, for a total value of $1,448,000.00. Following the completion of the sale, the chief executive officer owned 428,498 shares in the company, valued at $1,551,162.76. This represents a 48.28% 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 have sold a total of 1,763,442 shares of company stock worth $6,405,495 in the last quarter. 3.60% of the stock is currently owned by company insiders.

About Grab

Grab Holdings Inc (NASDAQ: GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with transportation, food and grocery delivery, parcel and on-demand logistics, digital payments and other financial services.

The company began as a ride-hailing service in Malaysia in 2012, founded by Anthony Tan and Tan Hooi Ling, and expanded into a broader digital platform. Grab’s consumer offerings include private-hire and taxi services, GrabFood, GrabMart and GrabExpress, while its financial-services products include digital payments, lending, insurance and digital banking services offered in selected markets.

Grab serves markets across Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.