Cambiar Investors LLC Purchases 660,252 Shares of Grab Holdings Limited $GRAB

Cambiar Investors LLC increased its position in Grab Holdings Limited (NASDAQ:GRAB) by 20.5% in the third quarter, Holdings Channel.com reports. The fund owned 3,887,143 shares of the company’s stock after purchasing an additional 660,252 shares during the period. Cambiar Investors LLC’s holdings in Grab were worth $23,401,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AlphaCore Capital LLC purchased a new position in shares of Grab in the second quarter worth $33,000. Caitong International Asset Management Co. Ltd increased its holdings in Grab by 51.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock worth $39,000 after buying an additional 2,634 shares in the last quarter. Prospera Financial Services Inc bought a new position in Grab during the 2nd quarter valued at about $50,000. BSW Wealth Partners bought a new position in Grab during the 3rd quarter valued at about $61,000. Finally, Savant Capital LLC purchased a new stake in shares of Grab during the 2nd quarter valued at about $51,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $5.80 price objective on shares of Grab in a research report on Monday. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective for the company in a report on Friday, January 16th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $6.47.

Grab Stock Up 2.9%

GRAB stock opened at $4.69 on Wednesday. The business’s 50-day moving average price is $4.99 and its 200-day moving average price is $5.35. The stock has a market cap of $18.89 billion, a P/E ratio of 117.28 and a beta of 0.90. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Grab had a return on equity of 1.91% and a net margin of 3.81%.The firm had revenue of $873.00 million during the quarter, compared to analysts’ expectations of $870.44 million. On average, equities research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

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.