4,183,646 Shares in Grab Holdings Limited $GRAB Acquired by Capital World Investors

Capital World Investors acquired a new position in Grab Holdings Limited (NASDAQ:GRAB) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,183,646 shares of the company’s stock, valued at approximately $20,876,000.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after acquiring an additional 4,601 shares during the last quarter. 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 worth $32,000 after acquiring an additional 2,543 shares during the last quarter. Advisory Services Network LLC purchased a new position in Grab in the 3rd quarter worth approximately $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 worth $39,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Grab by 66.9% in the 4th quarter. Global Retirement Partners LLC now owns 8,516 shares of the company’s stock worth $42,000 after acquiring an additional 3,414 shares during the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Grab

In other Grab news, CEO Anthony Ping Yeow Tan sold 400,000 shares of Grab stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $3.67, for a total value of $1,468,000.00. Following the completion of the sale, the chief executive officer owned 25,193 shares of the company’s stock, valued at approximately $92,458.31. The trade was a 94.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 that occurred on Friday, May 15th. The stock was sold at an average price of $3.54, for a total transaction of $177,000.00. Following the completion of the sale, the chief financial officer directly owned 7,000,165 shares of the company’s stock, valued at approximately $24,780,584.10. This trade represents a 0.71% decrease in their position. 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. In the last 90 days, insiders sold 1,156,819 shares of company stock worth $4,245,017. Company insiders own 3.60% of the company’s stock.

Grab Trading Down 0.9%

NASDAQ:GRAB opened at $3.30 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12 month low of $3.26 and a 12 month high of $6.62. The company has a market cap of $13.52 billion, a PE ratio of 330.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. The company has a 50 day simple moving average of $3.68 and a two-hundred day simple moving average of $4.25.

Grab (NASDAQ:GRAB) last posted its 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). Grab had a return on equity of 5.79% and a net margin of 10.67%.The company had revenue of $955.00 million during the quarter, compared to the consensus estimate of $921.71 million. Research analysts forecast that Grab Holdings Limited will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GRAB. Morgan Stanley set a $5.90 price objective on shares of Grab in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a report on Tuesday, May 5th. 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 report on Wednesday, May 6th. Finally, Mizuho cut their target price on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Grab has a consensus rating of “Moderate Buy” and a consensus price target of $6.19.

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.