Grab Holdings Limited $GRAB Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 25.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,664,188 shares of the company’s stock after selling 1,244,572 shares during the period. Sei Investments Co.’s holdings in Grab were worth $13,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pitcairn Co. grew its stake in shares of Grab by 11.0% during the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after acquiring an additional 2,080 shares in the last quarter. Adalta Capital Management LLC boosted its holdings in Grab by 2.2% in the third quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock valued at $607,000 after purchasing an additional 2,200 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Grab by 7.7% in the second quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock valued at $161,000 after purchasing an additional 2,300 shares during the last quarter. Soros Fund Management LLC grew its stake in Grab by 19.7% during the 2nd quarter. Soros Fund Management LLC now owns 14,677 shares of the company’s stock valued at $74,000 after purchasing an additional 2,419 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in Grab by 1.9% during the 4th quarter. Corient Private Wealth LLC now owns 129,144 shares of the company’s stock valued at $643,000 after purchasing an additional 2,469 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Performance

Grab stock opened at $3.40 on Friday. The company has a market cap of $13.93 billion, a PE ratio of 340.34, a P/E/G ratio of 1.29 and a beta of 0.87. The company has a fifty day moving average price of $3.57 and a two-hundred day moving average price of $3.85. 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 12 month low of $3.18 and a 12 month high of $6.62.

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). The business had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. Research analysts expect that Grab Holdings Limited will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

GRAB has been the topic of a number of recent analyst reports. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, May 6th. Mizuho decreased their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.01.

Insider Buying and Selling at Grab

In other Grab news, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $3.54, for a total value of $177,000.00. Following the transaction, the chief financial officer owned 7,000,165 shares of the company’s stock, valued at $24,780,584.10. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of Grab stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $3.51, for a total value of $1,404,000.00. Following the completion of the transaction, the chief executive officer owned 425,193 shares of the company’s stock, valued at approximately $1,492,427.43. The trade was a 48.47% 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 90 days, insiders sold 1,666,093 shares of company stock valued at $6,083,321. Corporate insiders own 3.60% of the company’s stock.

Grab Company 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.