Warm Springs Advisors Inc. Invests $1.26 Million in Grab Holdings Limited $GRAB

Warm Springs Advisors Inc. bought a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the third quarter, HoldingsChannel reports. The firm bought 208,500 shares of the company’s stock, valued at approximately $1,255,000. Grab comprises about 1.0% of Warm Springs Advisors Inc.’s holdings, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Grab in the second quarter valued at approximately $175,192,000. Citigroup Inc. boosted its holdings in shares of Grab by 112.6% in the 3rd quarter. Citigroup Inc. now owns 32,398,782 shares of the company’s stock valued at $195,041,000 after buying an additional 17,160,661 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Grab by 20.8% in the second quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock valued at $304,092,000 after buying an additional 10,428,014 shares in the last quarter. Invesco Ltd. grew its stake in shares of Grab by 11.8% in the second quarter. Invesco Ltd. now owns 63,881,785 shares of the company’s stock valued at $321,325,000 after buying an additional 6,767,182 shares in the last quarter. Finally, HRT Financial LP increased its holdings in Grab by 533.2% during the second quarter. HRT Financial LP now owns 7,493,486 shares of the company’s stock worth $37,692,000 after buying an additional 6,310,006 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Trading Up 2.4%

Shares of NASDAQ:GRAB opened at $4.31 on Friday. Grab Holdings Limited has a 12-month low of $3.36 and a 12-month high of $6.62. The business has a 50 day moving average of $4.60 and a 200-day moving average of $5.21. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $17.36 billion, a PE ratio of 143.71, a P/E/G ratio of 0.95 and a beta of 0.92.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. As a group, equities research analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. 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. Mizuho set a $7.00 price objective on Grab in a research note on Tuesday, November 4th. HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research note on Friday, January 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $7.00 price target on shares of Grab in a research note 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $6.47.

Grab Company 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.