VPR Management LLC Takes $829,000 Position in Grab Holdings Limited $GRAB

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

Other institutional investors have also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Grab during the 4th quarter worth about $25,000. Montag A & Associates Inc. acquired a new position in shares of Grab in the first quarter worth about $27,000. Parallel Advisors LLC boosted its holdings in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after buying an additional 4,601 shares during the period. Advocate Investing Services LLC purchased a new position in shares of Grab in the fourth quarter worth approximately $35,000. Finally, Advisory Services Network LLC purchased a new position in shares of Grab in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Shares of GRAB opened at $3.42 on Monday. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 57.01, a P/E/G ratio of 0.90 and a beta of 0.89. Grab Holdings Limited has a fifty-two week low of $3.18 and a fifty-two week high of $6.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51. The business’s 50-day moving average is $3.62 and its 200-day moving average is $3.70.

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

Insider Buying and Selling

In other Grab news, COO Alexander Hungate sold 145,349 shares of Grab stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $3.48, for a total transaction of $505,814.52. Following the completion of the sale, the chief operating officer owned 6,111,979 shares of the company’s stock, valued at $21,269,686.92. This trade represents a 2.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $3.60, for a total transaction of $180,000.00. Following the transaction, the chief financial officer owned 6,853,470 shares in the company, valued at approximately $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 have sold 1,725,442 shares of company stock worth $6,275,155. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings downgraded shares of Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research 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 note on Tuesday, June 30th. Benchmark restated a “buy” rating on shares of Grab in a report on Tuesday, August 4th. Finally, Barclays decreased their target price on Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.01.

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.