Grab Holdings Limited $GRAB Shares Acquired by R Squared Ltd

R Squared Ltd lifted its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 1,090.2% during the first quarter, Holdings Channel reports. The fund owned 171,976 shares of the company’s stock after buying an additional 157,527 shares during the quarter. R Squared Ltd’s holdings in Grab were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Grab in the fourth quarter valued at $25,000. Parallel Advisors LLC raised its stake in shares of Grab by 305.5% during the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after buying an additional 4,601 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Grab in the 3rd quarter valued at about $38,000. Signaturefd LLC lifted its holdings in shares of Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after buying an additional 2,543 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of Grab by 162,500.0% in the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after buying an additional 6,500 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Insider Activity at Grab

In other Grab news, insider Chin Yin Ong sold 48,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total transaction of $170,400.00. Following the transaction, the insider directly owned 3,781,306 shares of the company’s stock, valued at $13,423,636.30. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Alexander Charles Hungate sold 144,093 shares of Grab stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $3.45, for a total transaction of $497,120.85. Following the completion of the sale, the chief operating officer owned 6,254,023 shares in the company, valued at approximately $21,576,379.35. This trade represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,766,093 shares of company stock valued at $6,384,921. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GRAB shares. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Mizuho lowered 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. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.23.

Grab Price Performance

Shares of Grab stock traded up $0.07 on Tuesday, reaching $3.92. The company’s stock had a trading volume of 21,790,726 shares, compared to its average volume of 51,302,379. The company has a market capitalization of $16.04 billion, a P/E ratio of 392.89, a PEG ratio of 1.54 and a beta of 0.87. Grab Holdings Limited has a 52-week low of $3.18 and a 52-week high of $6.62. The stock has a 50-day moving average price of $3.59 and a 200-day moving average price of $4.03. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06.

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 analysts’ consensus estimates of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The business had revenue of $955.00 million for the quarter, compared to analysts’ expectations of $921.71 million. Analysts expect that Grab Holdings Limited will post 0.1 EPS for the current year.

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.