Grab Holdings Limited $GRAB Stock Position Lifted by Swedbank AB

Swedbank AB raised its stake in Grab Holdings Limited (NASDAQ:GRAB) by 17.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 907,688 shares of the company’s stock after buying an additional 135,185 shares during the quarter. Swedbank AB’s holdings in Grab were worth $3,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Grab during the 4th quarter valued at $25,000. Parallel Advisors LLC raised its holdings in shares of Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after acquiring an additional 4,601 shares in the last quarter. Signaturefd LLC boosted its position in Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after purchasing an additional 2,543 shares during the last quarter. Advocate Investing Services LLC purchased a new position in Grab in the fourth quarter valued at about $35,000. Finally, Steward Partners Investment Advisory LLC increased its position in Grab by 128.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company’s stock worth $38,000 after purchasing an additional 4,225 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GRAB. Barclays lowered their price target on Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Mizuho dropped their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $6.25 price objective on shares of Grab in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.01.

Grab Stock Performance

Grab stock traded up $0.05 during trading hours on Friday, reaching $3.93. 24,877,387 shares of the company were exchanged, compared to its average volume of 49,513,704. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of 393.39, a PEG ratio of 1.55 and a beta of 0.87. 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 50-day moving average of $3.60 and a 200 day moving average of $4.01. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last released its quarterly 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 net margin of 10.67% and a return on equity of 5.79%. The firm had revenue of $955.00 million during the quarter, compared to the consensus estimate of $921.71 million. As a group, research analysts anticipate that Grab Holdings Limited will post 0.1 earnings per share for the current year.

Insider Activity

In other Grab news, insider Chin Yin Ong sold 48,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total transaction of $170,400.00. Following the completion of the sale, the insider directly owned 3,781,306 shares in the company, valued at $13,423,636.30. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the firm’s stock in a transaction dated 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 directly owned 25,193 shares in the company, valued at approximately $92,458.31. This represents a 94.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,366,093 shares of company stock valued at $4,912,921. 3.60% of the stock is owned by corporate insiders.

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.