Swiss National Bank Buys 1,913,800 Shares of Grab Holdings Limited $GRAB

Swiss National Bank increased its stake in Grab Holdings Limited (NASDAQ:GRAB) by 28.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,710,000 shares of the company’s stock after buying an additional 1,913,800 shares during the period. Swiss National Bank’s holdings in Grab were worth $31,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Grab in the fourth quarter worth $25,000. Parallel Advisors LLC grew its stake in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after acquiring an additional 4,601 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Grab in the third quarter worth $38,000. 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. Finally, 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. Institutional investors own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho dropped their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Finally, Barclays cut their price target on shares of Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.01.

Grab Trading Down 1.5%

Grab stock opened at $3.30 on Friday. Grab Holdings Limited has a one year low of $3.18 and a one year high of $6.62. The business’s fifty day moving average is $3.58 and its 200 day moving average is $3.91. The stock has a market capitalization of $13.52 billion, a PE ratio of 330.33, a price-to-earnings-growth ratio of 1.29 and a beta of 0.87. 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 earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business 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 0.1 EPS for the current year.

Insider Transactions at Grab

In related news, CEO Anthony Ping Yeow Tan sold 400,000 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $3.91, for a total transaction of $1,564,000.00. Following the transaction, the chief executive officer owned 28,498 shares in the company, valued at $111,427.18. This represents a 93.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Charles Hungate sold 144,093 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was 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 $21,576,379.35. This represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,666,093 shares of company stock valued at $6,083,321. Company insiders own 3.60% of the company’s stock.

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.