300,000 Shares in Grab Holdings Limited $GRAB Purchased by Parametrica Management Ltd

Parametrica Management Ltd purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 300,000 shares of the company’s stock, valued at approximately $1,806,000. Grab comprises approximately 2.8% of Parametrica Management Ltd’s portfolio, making the stock its 16th biggest position.

A number of other large investors have also recently added to or reduced their stakes in GRAB. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Grab by 66.5% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,770,976 shares of the company’s stock valued at $64,782,000 after buying an additional 4,302,224 shares during the period. Nordea Investment Management AB raised its holdings in shares of Grab by 15.7% during the third quarter. Nordea Investment Management AB now owns 19,886,007 shares of the company’s stock worth $120,509,000 after acquiring an additional 2,695,472 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Grab by 83.3% during the third quarter. Allianz Asset Management GmbH now owns 967,530 shares of the company’s stock worth $5,825,000 after acquiring an additional 439,748 shares in the last quarter. Stanley Laman Group Ltd. acquired a new stake in Grab during the third quarter valued at $1,204,000. Finally, Mediolanum International Funds Ltd grew its stake in Grab by 131.5% in the third quarter. Mediolanum International Funds Ltd now owns 1,697,761 shares of the company’s stock valued at $10,373,000 after purchasing an additional 964,475 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $5.80 price target on shares of Grab in a research note on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Benchmark reiterated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 price target on the stock in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $6.47.

Grab Stock Up 1.6%

GRAB stock opened at $4.22 on Thursday. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 140.55, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. The company has a 50-day moving average of $4.61 and a two-hundred day moving average of $5.22. Grab Holdings Limited has a 52-week low of $3.36 and a 52-week high of $6.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.73.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. Grab had a return on equity of 4.09% and a net margin of 7.92%.The business had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $942.08 million. As a group, equities research analysts anticipate 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.