Vinva Investment Management Ltd Buys 151,757 Shares of Grab Holdings Limited $GRAB

Vinva Investment Management Ltd increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,832,989 shares of the company’s stock after acquiring an additional 151,757 shares during the quarter. Vinva Investment Management Ltd’s holdings in Grab were worth $11,296,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Grab during the 2nd quarter worth about $175,192,000. Citigroup Inc. lifted its holdings in shares of Grab by 112.6% in the third quarter. Citigroup Inc. now owns 32,398,782 shares of the company’s stock valued at $195,041,000 after purchasing an additional 17,160,661 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Grab by 20.8% during the second quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock worth $304,092,000 after buying an additional 10,428,014 shares during the period. Invesco Ltd. boosted its position in shares of Grab by 11.8% during the second quarter. Invesco Ltd. now owns 63,881,785 shares of the company’s stock worth $321,325,000 after buying an additional 6,767,182 shares during the period. Finally, HRT Financial LP grew its holdings in shares of Grab by 533.2% during the second quarter. HRT Financial LP now owns 7,493,486 shares of the company’s stock worth $37,692,000 after buying an additional 6,310,006 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GRAB. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 target price on the stock in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd. Benchmark reiterated a “buy” rating on shares of Grab in a report on Thursday, February 12th. Sanford C. Bernstein reissued an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research report on Monday, January 26th. Finally, Barclays increased their target price on shares of Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $6.47.

Grab Trading Down 1.1%

NASDAQ GRAB opened at $3.99 on Monday. Grab Holdings Limited has a 12 month low of $3.36 and a 12 month high of $6.62. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $4.48 and a 200-day moving average of $5.18. The company has a market cap of $16.05 billion, a PE ratio of 132.88, a PEG ratio of 0.89 and a beta of 0.93.

Grab (NASDAQ:GRAB) last issued its earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Grab had a net margin of 7.92% and a return on equity of 4.09%. The business had revenue of $906.00 million for the quarter, compared to the consensus estimate of $942.08 million. On average, equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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.