Deutsche Bank AG Buys 546,224 Shares of Grab Holdings Limited $GRAB

Deutsche Bank AG increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,172,800 shares of the company’s stock after buying an additional 546,224 shares during the quarter. Deutsche Bank AG’s holdings in Grab were worth $30,811,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GRAB. Pitcairn Co. boosted its holdings in shares of Grab by 11.0% in the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after buying an additional 2,080 shares during the last quarter. Adalta Capital Management LLC increased its holdings in shares of Grab by 2.2% during the third quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock worth $607,000 after buying an additional 2,200 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings 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 purchasing an additional 2,300 shares during the period. Soros Fund Management LLC raised its stake in Grab by 19.7% during the second quarter. Soros Fund Management LLC now owns 14,677 shares of the company’s stock worth $74,000 after buying an additional 2,419 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Grab by 1.9% during the 4th quarter. Corient Private Wealth LLC now owns 129,144 shares of the company’s stock worth $643,000 after buying an additional 2,469 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Trading Down 0.9%

GRAB stock opened at $3.48 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $3.62 and its two-hundred day simple moving average is $3.75. Grab Holdings Limited has a twelve month low of $3.18 and a twelve month high of $6.62. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 58.01, a price-to-earnings-growth ratio of 0.92 and a beta of 0.89.

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

Insider Buying and Selling at Grab

In other news, insider Chin Yin Ong sold 48,000 shares of Grab stock in a transaction that occurred on 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 transaction, the insider directly owned 3,781,306 shares of the company’s stock, valued at $13,423,636.30. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $3.53, for a total value of $176,500.00. Following the completion of the transaction, the chief financial officer owned 6,950,165 shares in the company, valued at approximately $24,534,082.45. 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. Over the last ninety days, insiders have sold 1,666,093 shares of company stock valued at $6,070,081. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GRAB shares. Morgan Stanley reissued an “overweight” rating and set a $6.25 price target on shares of Grab in a research report on Tuesday, June 30th. Mizuho reduced their price objective on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, May 6th. Weiss Ratings downgraded Grab from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Finally, Benchmark reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.01.

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.