National Pension Service Makes New Investment in Grab Holdings Limited $GRAB

National Pension Service acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 148,270 shares of the company’s stock, valued at approximately $740,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GRAB. Signaturefd LLC grew its position in Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after purchasing an additional 2,543 shares during the last quarter. Advisory Services Network LLC purchased a new position in Grab during the 3rd quarter worth $38,000. Larson Financial Group LLC grew its position in Grab by 162,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after purchasing an additional 6,500 shares during the last quarter. Global Retirement Partners LLC grew its position in Grab by 66.9% during the 4th quarter. Global Retirement Partners LLC now owns 8,516 shares of the company’s stock worth $42,000 after purchasing an additional 3,414 shares during the last quarter. Finally, Allworth Financial LP grew its position in Grab by 70.9% during the 3rd quarter. Allworth Financial LP now owns 8,085 shares of the company’s stock worth $49,000 after purchasing an additional 3,354 shares during the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Stock Up 2.0%

Shares of NASDAQ GRAB opened at $3.61 on Tuesday. 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 52 week low of $3.39 and a 52 week high of $6.62. The firm has a 50-day moving average price of $3.71 and a 200 day moving average price of $4.33. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 361.36, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $921.71 million. Equities research analysts anticipate that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on GRAB. Zacks Research downgraded shares of Grab from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Mizuho reduced their target price on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley set a $5.90 target price on shares of Grab in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced 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. Finally, Benchmark restated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.19.

Insider Activity at Grab

In related news, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $3.54, for a total value of $177,000.00. Following the completion of the sale, the chief financial officer owned 7,000,165 shares in the company, valued at $24,780,584.10. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 48,000 shares of the firm’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 owned 3,781,306 shares of the company’s stock, valued at $13,423,636.30. This trade represents a 1.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,118,819 shares of company stock worth $4,114,677 over the last three months. 3.60% of the stock is currently owned by company insiders.

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.