Intech Investment Management LLC Makes New $4.80 Million Investment in Grab Holdings Limited $GRAB

Intech Investment Management LLC purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 797,443 shares of the company’s stock, valued at approximately $4,801,000.

Other hedge funds also recently modified their holdings of the company. AlphaCore Capital LLC acquired a new position in Grab in the 2nd quarter worth about $33,000. Prospera Financial Services Inc bought a new stake in shares of Grab during the second quarter worth about $50,000. Abound Financial LLC acquired a new position in shares of Grab in the third quarter valued at approximately $60,000. BSW Wealth Partners bought a new position in Grab in the 3rd quarter valued at approximately $61,000. Finally, Savant Capital LLC bought a new position in Grab in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GRAB shares. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 target price on the stock in a report on Friday, January 16th. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Benchmark restated a “buy” rating on shares of Grab in a report on Thursday, February 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Grab in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $6.47.

Grab Stock Performance

Shares of Grab stock opened at $4.22 on Friday. The business has a 50-day moving average price of $4.59 and a two-hundred day moving average price of $5.21. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year 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 company has a market cap of $16.99 billion, a P/E ratio of 140.71, a PEG ratio of 0.95 and a beta of 0.92.

Grab (NASDAQ:GRAB) last announced its earnings results on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, beating 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 company had revenue of $906.00 million for the quarter, compared to analyst estimates of $942.08 million. As a group, analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab 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.