VPR Management LLC Purchases New Position in Grab Holdings Limited $GRAB

VPR Management LLC acquired a new position in Grab Holdings Limited (NASDAQ:GRAB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 220,000 shares of the company’s stock, valued at approximately $829,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ANTIPODES PARTNERS Ltd acquired a new position in shares of Grab during the 2nd quarter worth $10,119,000. Principal Financial Group Inc. increased its position in Grab by 13.4% during the second quarter. Principal Financial Group Inc. now owns 24,289,581 shares of the company’s stock worth $91,572,000 after buying an additional 2,867,458 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Grab by 17.0% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,041,490 shares of the company’s stock worth $7,696,000 after buying an additional 296,256 shares during the last quarter. DNB Asset Management AS raised its holdings in Grab by 52.4% during the fourth quarter. DNB Asset Management AS now owns 2,949,398 shares of the company’s stock valued at $14,717,000 after buying an additional 1,014,166 shares in the last quarter. Finally, WFM ASIA BVI Ltd lifted its position in shares of Grab by 12.5% in the fourth quarter. WFM ASIA BVI Ltd now owns 37,675,992 shares of the company’s stock worth $188,003,000 after buying an additional 4,194,477 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

Shares of NASDAQ GRAB opened at $3.42 on Monday. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62. The company has a market cap of $14.01 billion, a P/E ratio of 57.01, a P/E/G ratio of 0.90 and a beta of 0.89. The business’s 50 day moving average is $3.62 and its two-hundred day moving average is $3.70. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $997.00 million during the quarter, compared to analysts’ expectations of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. On average, equities analysts expect that Grab Holdings Limited will post 0.13 EPS for the current year.

Analysts Set New Price Targets

GRAB has been the subject of several analyst reports. Benchmark restated a “buy” rating on shares of Grab in a report on Tuesday, August 4th. Barclays reduced their price objective on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Morgan Stanley reissued an “overweight” rating and set a $6.25 target price on shares of Grab in a research report on Tuesday, June 30th. Finally, Weiss Ratings downgraded Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Grab currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.01.

Insider Activity

In other Grab news, CEO Ping Tan sold 400,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $3.91, for a total value of $1,564,000.00. Following the completion of the sale, the chief executive officer directly owned 28,498 shares of the company’s stock, valued at $111,427.18. This represents a 93.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $3.60, for a total transaction of $180,000.00. Following the completion of the sale, the chief financial officer owned 6,853,470 shares in the company, valued at $24,672,492. This represents a 0.72% 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 quarter, insiders sold 1,725,442 shares of company stock worth $6,275,155. Corporate insiders own 3.60% of the company’s stock.

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.