265,823 Shares in Grab Holdings Limited $GRAB Purchased by Eurizon SLJ Capital Ltd

Eurizon SLJ Capital Ltd bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 265,823 shares of the company’s stock, valued at approximately $1,326,000.

A number of other hedge funds have also recently bought and sold shares of GRAB. Integrated Wealth Concepts LLC grew its holdings in Grab by 201.2% during the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock worth $160,000 after acquiring an additional 23,639 shares during the period. Goldman Sachs Group Inc. grew its holdings in Grab by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock worth $41,817,000 after acquiring an additional 529,433 shares during the period. Empowered Funds LLC grew its holdings in Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after acquiring an additional 3,090 shares during the period. Focus Partners Wealth purchased a new position in Grab in the 1st quarter worth about $63,000. Finally, Cetera Investment Advisers increased its stake in Grab by 11.7% in the 2nd quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock worth $537,000 after purchasing an additional 11,158 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GRAB. Mizuho dropped their price target on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Benchmark reissued a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Finally, Zacks Research cut Grab from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6.19.

Grab Stock Performance

NASDAQ:GRAB opened at $3.54 on Friday. 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 fifty-two week low of $3.39 and a fifty-two week high of $6.62. The stock’s 50-day moving average is $3.71 and its two-hundred day moving average is $4.36. The stock has a market cap of $14.51 billion, a PE ratio of 354.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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. As a group, equities research analysts forecast that Grab Holdings Limited will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Grab news, CEO Anthony Ping Yeow Tan sold 400,000 shares of Grab stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $3.67, for a total transaction of $1,468,000.00. Following the transaction, the chief executive officer owned 25,193 shares of the company’s stock, valued at $92,458.31. The trade was a 94.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $3.92, for a total value of $196,000.00. Following the transaction, the chief financial officer directly owned 7,050,165 shares in the company, valued at approximately $27,636,646.80. This trade represents a 0.70% 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. In the last 90 days, insiders sold 1,118,819 shares of company stock worth $4,114,677. 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.