Quantbot Technologies LP Buys 271,860 Shares of Grab Holdings Limited $GRAB

Quantbot Technologies LP increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 47.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 839,092 shares of the company’s stock after buying an additional 271,860 shares during the quarter. Quantbot Technologies LP’s holdings in Grab were worth $5,051,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GRAB. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Grab by 66.5% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,770,976 shares of the company’s stock worth $64,782,000 after buying an additional 4,302,224 shares during the period. Nordea Investment Management AB boosted its stake in Grab by 15.7% in the third quarter. Nordea Investment Management AB now owns 19,886,007 shares of the company’s stock worth $120,509,000 after buying an additional 2,695,472 shares in the last quarter. Allianz Asset Management GmbH grew its position in Grab by 83.3% during the third quarter. Allianz Asset Management GmbH now owns 967,530 shares of the company’s stock valued at $5,825,000 after acquiring an additional 439,748 shares during the last quarter. Stanley Laman Group Ltd. bought a new position in Grab during the third quarter valued at approximately $1,204,000. Finally, Mediolanum International Funds Ltd raised its stake in shares of Grab by 131.5% during the third quarter. Mediolanum International Funds Ltd now owns 1,697,761 shares of the company’s stock worth $10,373,000 after acquiring an additional 964,475 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective for the company in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $5.80 price target on shares of Grab in a report on Monday, January 26th. Finally, Mizuho set a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $6.47.

Grab Trading Down 2.1%

NASDAQ GRAB opened at $4.22 on Friday. The firm has a market capitalization of $16.99 billion, a PE ratio of 140.71, a P/E/G ratio of 0.95 and a beta of 0.92. The stock’s 50 day moving average is $4.59 and its 200 day moving average is $5.21. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. Grab had a return on equity of 4.09% and a net margin of 7.92%.The business had revenue of $906.00 million during the quarter, compared to analyst estimates of $942.08 million. Research analysts forecast 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.