Cambiar Investors LLC Invests $16.23 Million in Grab Holdings Limited $GRAB

Cambiar Investors LLC purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,226,891 shares of the company’s stock, valued at approximately $16,231,000. Cambiar Investors LLC owned approximately 0.08% of Grab as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Grab by 51.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock worth $39,000 after purchasing an additional 2,634 shares in the last quarter. Summit Securities Group LLC lifted its position in shares of Grab by 63.6% during the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock worth $37,000 after purchasing an additional 3,199 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Grab during the first quarter worth about $45,000. Westwood Holdings Group Inc. acquired a new stake in shares of Grab during the first quarter worth about $51,000. Finally, DSM Capital Partners LLC acquired a new stake in shares of Grab during the second quarter worth about $58,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on GRAB shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Finally, HSBC restated a “hold” rating and set a $6.20 target price on shares of Grab in a research note on Wednesday, September 17th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grab presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.06.

Grab Stock Up 0.5%

GRAB stock opened at $6.01 on Friday. The company’s 50 day moving average price is $5.78 and its 200 day moving average price is $5.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. Grab Holdings Limited has a fifty-two week low of $3.36 and a fifty-two week high of $6.62. The firm has a market capitalization of $24.20 billion, a price-to-earnings ratio of 150.29 and a beta of 0.88.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. On average, equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Grab Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.