Leibman Financial Services Inc. Acquires 156,550 Shares of Grab Holdings Limited $GRAB

Leibman Financial Services Inc. raised its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 69.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 380,434 shares of the company’s stock after acquiring an additional 156,550 shares during the period. Leibman Financial Services Inc.’s holdings in Grab were worth $1,898,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Grab by 15.0% during 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 last quarter. Savant Capital LLC increased its position in shares of Grab by 19.3% in the third quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after purchasing an additional 1,957 shares during the last quarter. Miracle Mile Advisors LLC increased its position in shares of Grab by 6.4% in the third quarter. Miracle Mile Advisors LLC now owns 33,290 shares of the company’s stock worth $200,000 after purchasing an additional 2,007 shares during the last quarter. Centurion Wealth Management LLC raised its stake in Grab by 4.4% in 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 in the last quarter. Finally, Pitcairn Co. raised 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GRAB shares. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Benchmark restated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $5.80 target price on shares of Grab in a research report on Monday, January 26th. Finally, HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 price target on the stock in a research report 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’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $6.47.

Grab Trading Down 1.9%

GRAB stock opened at $3.68 on Friday. The company has a market capitalization of $15.08 billion, a PE ratio of 122.71, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The company’s 50 day moving average price is $4.25 and its two-hundred day moving average price is $5.10.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $942.08 million. As a group, analysts predict that Grab Holdings Limited will post 0.05 earnings per share 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.