DSM Capital Partners LLC Trims Stake in Grab Holdings Limited $GRAB

DSM Capital Partners LLC lowered its stake in Grab Holdings Limited (NASDAQ:GRAB) by 39.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 731,172 shares of the company’s stock after selling 473,757 shares during the quarter. DSM Capital Partners LLC’s holdings in Grab were worth $2,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Grab in the fourth quarter valued at about $25,000. Montag A & Associates Inc. bought a new position in shares of Grab in the first quarter worth about $27,000. Parallel Advisors LLC grew its position 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 purchasing an additional 4,601 shares in the last quarter. Signaturefd LLC grew its position in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after purchasing an additional 2,543 shares in the last quarter. Finally, Advocate Investing Services LLC bought a new stake in Grab during the 4th quarter valued at approximately $35,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Chin Yin Ong sold 48,000 shares of Grab stock in a transaction on Tuesday, May 26th. The stock was 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 approximately $13,423,636.30. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $3.51, for a total transaction of $1,404,000.00. Following the sale, the chief executive officer directly owned 425,193 shares of the company’s stock, valued at $1,492,427.43. This represents a 48.47% decrease in their ownership of the stock. 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 90 days, insiders have sold 1,766,093 shares of company stock valued at $6,384,921. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Mizuho reduced their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $6.25 price objective on shares of Grab in a report on Tuesday, June 30th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.23.

Grab Stock Down 3.1%

Shares of GRAB opened at $3.81 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $3.59 and a 200 day moving average of $4.02. The company has a market cap of $15.61 billion, a PE ratio of 381.38, a P/E/G ratio of 1.55 and a beta of 0.87. Grab Holdings Limited has a 52-week low of $3.18 and a 52-week high of $6.62.

Grab (NASDAQ:GRAB) last announced its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share 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 firm had revenue of $955.00 million during the quarter, compared to analysts’ expectations of $921.71 million. On average, sell-side analysts expect that Grab Holdings Limited will post 0.1 EPS for the current year.

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.