Sands Capital Management LLC Has $56.11 Million Stock Holdings in Grab Holdings Limited $GRAB

Sands Capital Management LLC trimmed its stake in Grab Holdings Limited (NASDAQ:GRAB) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,244,055 shares of the company’s stock after selling 1,246,930 shares during the quarter. Sands Capital Management LLC’s holdings in Grab were worth $56,108,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in Grab by 15.0% in the third quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock worth $82,000 after purchasing an additional 1,768 shares during the period. Savant Capital LLC grew its holdings in Grab by 19.3% in the third quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after purchasing an additional 1,957 shares during the period. Pitcairn Co. grew its holdings in Grab by 11.0% in the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after purchasing an additional 2,080 shares during the period. Adalta Capital Management LLC grew its holdings in Grab by 2.2% in the third quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock worth $607,000 after purchasing an additional 2,200 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Grab by 7.7% in the second quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock worth $161,000 after purchasing an additional 2,300 shares during the period. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Price Performance

Shares of NASDAQ GRAB opened at $3.30 on Monday. The stock has a market capitalization of $13.52 billion, a P/E ratio of 330.33, a P/E/G ratio of 1.50 and a beta of 0.89. The company has a 50-day moving average price of $3.66 and a 200-day moving average price of $4.21. Grab Holdings Limited has a 1 year low of $3.18 and a 1 year high of $6.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. On average, equities research analysts forecast that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Grab

In other news, insider Chin Yin Ong sold 48,000 shares of Grab stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total transaction of $170,400.00. Following the completion of the transaction, the insider directly owned 3,781,306 shares in the company, valued at $13,423,636.30. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $3.92, for a total transaction of $117,600.00. Following the transaction, the insider owned 4,145,430 shares of the company’s stock, valued at $16,250,085.60. This represents a 0.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,156,819 shares of company stock valued at $4,245,017 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Mizuho reduced their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Morgan Stanley set a $5.90 price target on shares of Grab in a report on Wednesday, May 6th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.19.

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.