University of Texas Texas AM Investment Management Co. Acquires Shares of 213,907 Grab Holdings Limited $GRAB

University of Texas Texas AM Investment Management Co. purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 213,907 shares of the company’s stock, valued at approximately $1,067,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GRAB. EverSource Wealth Advisors LLC increased its stake in shares of Grab by 15.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock valued at $82,000 after purchasing an additional 1,768 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Grab by 19.3% in the 3rd quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock valued at $73,000 after purchasing an additional 1,957 shares in the last quarter. Pitcairn Co. increased its position in Grab by 11.0% during the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after purchasing an additional 2,080 shares in the last quarter. Adalta Capital Management LLC lifted its stake in Grab by 2.2% in the 3rd quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock valued at $607,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Grab by 7.7% during the second quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock worth $161,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $3.46 on Tuesday. The company has a 50 day moving average of $3.66 and a 200 day moving average of $4.20. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The stock has a market cap of $14.18 billion, a P/E ratio of 346.35, a P/E/G ratio of 1.50 and a beta of 0.89. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. As a group, sell-side analysts forecast that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GRAB has been the subject of a number of research reports. Morgan Stanley set a $5.90 price objective on shares of Grab in a report on Wednesday, May 6th. Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price objective on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Mizuho cut their target price on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Finally, Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.19.

Insider Activity at Grab

In related news, CEO Anthony Ping Yeow Tan sold 400,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 25,193 shares in the company, valued at approximately $92,458.31. The trade was a 94.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 38,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $3.43, for a total value of $130,340.00. Following the completion of the transaction, the insider directly owned 3,743,306 shares in the company, valued at approximately $12,839,539.58. This represents a 1.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,156,819 shares of company stock valued at $4,245,017. Company insiders own 3.60% of the company’s stock.

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.