Cambiar Investors LLC Purchases Shares of 3,226,891 Grab Holdings Limited $GRAB

Cambiar Investors LLC purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,226,891 shares of the company’s stock, valued at approximately $16,231,000.

Other hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Grab by 51.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after purchasing an additional 2,634 shares during the last quarter. Summit Securities Group LLC grew its position in shares of Grab by 63.6% during the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock worth $37,000 after acquiring an additional 3,199 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Grab during the first quarter worth approximately $45,000. Westwood Holdings Group Inc. purchased a new position in shares of Grab during the first quarter worth approximately $51,000. Finally, DSM Capital Partners LLC purchased a new position in shares of Grab during the second quarter worth approximately $58,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Price Performance

Shares of NASDAQ GRAB opened at $6.01 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87. The stock has a fifty day moving average price of $5.78 and a 200 day moving average price of $5.21. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62. The company has a market cap of $24.20 billion, a PE ratio of 150.29 and a beta of 0.88.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The firm had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Sell-side analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. HSBC restated a “hold” rating and set a $6.20 target price on shares of Grab in a research report on Wednesday, September 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.06.

Grab Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.