Sustainable Growth Advisers LP Buys 1,888,479 Shares of Grab Holdings Limited $GRAB

Sustainable Growth Advisers LP grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 94.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,896,506 shares of the company’s stock after acquiring an additional 1,888,479 shares during the quarter. Sustainable Growth Advisers LP’s holdings in Grab were worth $19,444,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after acquiring an additional 2,543 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Grab during the third quarter valued at $38,000. Larson Financial Group LLC increased its holdings in shares of Grab by 162,500.0% during the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after acquiring an additional 6,500 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Grab by 66.9% during the fourth quarter. Global Retirement Partners LLC now owns 8,516 shares of the company’s stock valued at $42,000 after acquiring an additional 3,414 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Grab by 70.9% during the third quarter. Allworth Financial LP now owns 8,085 shares of the company’s stock valued at $49,000 after acquiring an additional 3,354 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GRAB has been the subject of several analyst reports. Morgan Stanley set a $5.90 price target on Grab in a report on Wednesday, May 6th. Zacks Research cut Grab from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Wednesday, May 6th. Finally, Mizuho dropped their price objective on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.19.

Grab Trading Up 2.0%

Grab stock opened at $3.61 on Tuesday. 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 Holdings Limited has a one year low of $3.39 and a one year high of $6.62. The stock has a market capitalization of $14.79 billion, a PE ratio of 361.36, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The business’s fifty day moving average is $3.71 and its 200 day moving average is $4.33.

Grab (NASDAQ:GRAB) last announced its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $955.00 million during the quarter, compared to analysts’ expectations of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. On average, sell-side analysts predict that Grab Holdings Limited will post 0.08 EPS for the current year.

Insider Transactions at Grab

In other Grab news, insider Chin Yin Ong sold 48,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $3.55, for a total value of $170,400.00. Following the transaction, the insider directly owned 3,781,306 shares of the company’s stock, valued at approximately $13,423,636.30. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $3.92, for a total value of $196,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,050,165 shares in the company, valued at $27,636,646.80. The trade was a 0.70% 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 three months, insiders sold 1,118,819 shares of company stock valued at $4,114,677. Company insiders own 3.60% of the company’s stock.

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.