Russell Investments Group Ltd. Has $99.62 Million Stake in Grab Holdings Limited $GRAB

Russell Investments Group Ltd. lowered its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,546,846 shares of the company’s stock after selling 1,414,392 shares during the period. Russell Investments Group Ltd.’s holdings in Grab were worth $99,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of GRAB. EverSource Wealth Advisors LLC raised its position in shares of Grab by 15.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock valued at $82,000 after acquiring an additional 1,768 shares during the period. Savant Capital LLC boosted its stake in Grab by 19.3% during the 3rd quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after acquiring an additional 1,957 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in Grab by 6.4% during the third quarter. Miracle Mile Advisors LLC now owns 33,290 shares of the company’s stock valued at $200,000 after purchasing an additional 2,007 shares during the period. Centurion Wealth Management LLC grew its holdings in Grab by 4.4% during the third quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company’s stock valued at $294,000 after purchasing an additional 2,049 shares during the period. Finally, Pitcairn Co. increased its stake in Grab by 11.0% in the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after purchasing an additional 2,080 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on GRAB. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Sanford C. Bernstein restated an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research report on Monday, January 26th. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Barclays lifted their target price on Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Finally, HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Grab presently has a consensus rating of “Buy” and a consensus target price of $6.47.

Grab Stock Performance

Shares of GRAB opened at $3.96 on Tuesday. The firm has a market cap of $15.95 billion, a P/E ratio of 132.04, a PEG ratio of 0.89 and a beta of 0.93. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The firm’s 50 day moving average price is $4.46 and its two-hundred day moving average price is $5.17.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, topping 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 company had revenue of $906.00 million during the quarter, compared to the consensus estimate of $942.08 million. On average, analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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.