Parametrica Management Ltd Acquires New Position in Grab Holdings Limited $GRAB

Parametrica Management Ltd acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 300,000 shares of the company’s stock, valued at approximately $1,806,000. Grab accounts for 2.8% of Parametrica Management Ltd’s portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GRAB. Integrated Wealth Concepts LLC raised its position in shares of Grab by 201.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock worth $160,000 after purchasing an additional 23,639 shares during the period. Goldman Sachs Group Inc. grew its stake in Grab by 6.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock worth $41,817,000 after buying an additional 529,433 shares during the last quarter. Empowered Funds LLC grew its stake in Grab by 6.2% during the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after buying an additional 3,090 shares during the last quarter. Focus Partners Wealth acquired a new stake in Grab in the first quarter worth $63,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Grab by 32.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 48,110 shares of the company’s stock valued at $242,000 after buying an additional 11,765 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Up 1.6%

Grab stock opened at $4.22 on Thursday. The company’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $5.22. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 140.55, a PEG ratio of 0.93 and a beta of 0.92. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.62. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. Grab had a net margin of 7.92% and a return on equity of 4.09%. The business had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $942.08 million. On average, analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GRAB. Jefferies Financial Group restated a “buy” rating and set a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. Sanford C. Bernstein reissued an “outperform” rating and set a $5.80 target price on shares of Grab in a research note on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd. Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Barclays increased their price objective on Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Grab currently has a consensus rating of “Buy” and an average target price of $6.47.

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.