Swedbank AB Boosts Holdings in Grab Holdings Limited $GRAB

Swedbank AB lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 37.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 772,503 shares of the company’s stock after purchasing an additional 210,549 shares during the period. Swedbank AB’s holdings in Grab were worth $3,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Grab during the 3rd quarter worth $38,000. Signaturefd LLC grew its stake in shares of 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 period. Larson Financial Group LLC grew its stake in shares of 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 period. Allworth Financial LP grew its stake in shares of 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 period. Finally, Global Retirement Partners LLC grew its stake in shares of 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 period. 55.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the business’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 $106,200.00. Following the sale, the insider directly owned 4,095,430 shares in the company, valued at $14,497,822.20. The trade was a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $3.54, for a total transaction 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 represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,070,819 shares of company stock worth $3,944,277. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GRAB has been the topic of a number of recent analyst reports. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, May 6th. Mizuho lowered their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley set a $5.90 price target on shares of Grab in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Finally, Zacks Research cut shares of Grab from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.19.

Grab Price Performance

Grab stock opened at $3.59 on Wednesday. Grab Holdings Limited has a 52 week low of $3.39 and a 52 week high of $6.62. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $3.72 and its 200 day simple moving average is $4.39. The firm has a market capitalization of $14.71 billion, a PE ratio of 359.36, a P/E/G ratio of 1.59 and a beta of 0.93.

Grab (NASDAQ:GRAB) last released 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 return on equity of 5.79% and a net margin of 10.67%.The business had revenue of $955.00 million during the quarter, compared to analysts’ expectations of $921.71 million. On average, equities research analysts predict that Grab Holdings Limited will post 0.08 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.