Grab Holdings Limited $GRAB Shares Acquired by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC increased its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 73.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 653,429 shares of the company’s stock after buying an additional 275,684 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Grab were worth $2,408,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings 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 period. Marshall Wace LLP increased its holdings in shares of Grab by 49.2% in the 4th 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. increased its holdings in shares of Grab by 1.6% in the 4th 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. Assenagon Asset Management S.A. lifted its position in Grab by 58.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock valued at $200,957,000 after purchasing an additional 20,152,535 shares during the last quarter. Finally, State Street Corp lifted its position in Grab by 5.7% in the 4th quarter. State Street Corp now owns 45,938,139 shares of the company’s stock valued at $229,231,000 after purchasing an additional 2,466,572 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Performance

GRAB stock opened at $3.57 on Friday. The company has a 50-day simple moving average of $3.60 and a 200 day simple moving average of $3.96. The company has a market capitalization of $14.63 billion, a P/E ratio of 357.36, a PEG ratio of 1.43 and a beta of 0.87. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a fifty-two week low of $3.18 and a fifty-two week high of $6.62.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The company had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. Sell-side analysts predict that Grab Holdings Limited will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GRAB has been the subject of several recent analyst reports. Mizuho decreased 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. Barclays cut their price target on Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating and set a $6.25 price objective on shares of Grab in a research report on Tuesday, June 30th. China Renaissance raised 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, Zacks Research upgraded 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, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.01.

Insider Activity at Grab

In other Grab news, COO Alexander Charles Hungate sold 144,093 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $3.45, for a total value of $497,120.85. Following the completion of the sale, the chief operating officer directly owned 6,254,023 shares in the company, valued at $21,576,379.35. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $3.51, for a total value of $1,404,000.00. Following the transaction, the chief executive officer directly owned 425,193 shares of the company’s stock, valued at approximately $1,492,427.43. The trade was a 48.47% 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. Insiders have sold 1,666,093 shares of company stock worth $6,083,321 over the last ninety days. 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.