Quantbot Technologies LP Grows Stake in Grab Holdings Limited $GRAB

Quantbot Technologies LP grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 47.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 839,092 shares of the company’s stock after acquiring an additional 271,860 shares during the quarter. Quantbot Technologies LP’s holdings in Grab were worth $5,051,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in Grab by 201.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock valued at $160,000 after purchasing an additional 23,639 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Grab by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock worth $41,817,000 after buying an additional 529,433 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock valued at $239,000 after buying an additional 3,090 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Grab during the first quarter valued at approximately $63,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Grab by 32.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 48,110 shares of the company’s stock valued at $242,000 after acquiring an additional 11,765 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Stock Down 2.1%

GRAB stock opened at $4.22 on Friday. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 140.71, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The business’s 50-day moving average is $4.59 and its two-hundred day moving average is $5.21. Grab Holdings Limited has a fifty-two week low of $3.36 and a fifty-two week high of $6.62.

Grab (NASDAQ:GRAB) last announced its earnings results on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $942.08 million. As a group, analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GRAB shares. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. HSBC raised 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. Barclays lifted their price objective on Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Jefferies Financial Group restated a “buy” rating and set a $7.00 target price on shares of Grab in a research note on Tuesday, November 4th. Finally, Benchmark reiterated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. One equities research 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’s stock. According to data from MarketBeat.com, Grab presently has a consensus rating of “Buy” and a consensus target price of $6.47.

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.