R Squared Ltd Purchases 157,527 Shares of Grab Holdings Limited $GRAB

R Squared Ltd raised its position in Grab Holdings Limited (NASDAQ:GRAB) by 1,090.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,976 shares of the company’s stock after purchasing an additional 157,527 shares during the quarter. R Squared Ltd’s holdings in Grab were worth $629,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Swedbank AB raised its holdings in shares of Grab by 17.5% in the first quarter. Swedbank AB now owns 907,688 shares of the company’s stock worth $3,322,000 after buying an additional 135,185 shares during the period. HB Wealth Management LLC boosted its holdings in Grab by 11.7% during the 1st quarter. HB Wealth Management LLC now owns 48,140 shares of the company’s stock valued at $176,000 after acquiring an additional 5,059 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Grab during the 1st quarter valued at $46,000. Keybank National Association OH grew its position in Grab by 34.7% in the 1st quarter. Keybank National Association OH now owns 16,677 shares of the company’s stock valued at $61,000 after acquiring an additional 4,295 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in Grab by 9.7% in the 1st quarter. IFM Investors Pty Ltd now owns 489,409 shares of the company’s stock valued at $1,791,000 after acquiring an additional 43,277 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and issued a $6.25 price target on shares of Grab in a report on Tuesday, June 30th. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, May 6th. Mizuho decreased their price objective on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Grab presently has a consensus rating of “Moderate Buy” and an average target price of $6.23.

Insider Activity at Grab

In related news, CEO Anthony Ping Yeow Tan sold 400,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $3.51, for a total value of $1,404,000.00. Following the transaction, the chief executive officer directly owned 425,193 shares of the company’s stock, valued at $1,492,427.43. This represents a 48.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $3.92, for a total value of $196,000.00. Following the completion of the transaction, the chief financial officer owned 7,050,165 shares of the company’s stock, valued at $27,636,646.80. This trade represents a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,766,093 shares of company stock worth $6,384,921. Corporate insiders own 3.60% of the company’s stock.

Grab Stock Up 1.7%

Shares of NASDAQ GRAB traded up $0.07 during trading hours on Tuesday, hitting $3.92. 21,790,726 shares of the stock were exchanged, compared to its average volume of 51,302,379. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The company has a market cap of $16.04 billion, a PE ratio of 392.89, a PEG ratio of 1.54 and a beta of 0.87. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62. The firm has a fifty day moving average price of $3.59 and a 200-day moving average price of $4.03.

Grab (NASDAQ:GRAB) last announced 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 analysts’ expectations of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. On average, sell-side analysts expect that Grab Holdings Limited will post 0.1 EPS for the current year.

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.