MBB Public Markets I LLC Makes New Investment in Grab Holdings Limited (NASDAQ:GRAB)

MBB Public Markets I LLC purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) in the second quarter, according to its most recent filing with the SEC. The fund purchased 151,822 shares of the company’s stock, valued at approximately $539,000.

Other institutional investors have also made changes to their positions in the company. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Grab in the 1st quarter valued at approximately $32,000. Miracle Mile Advisors LLC bought a new stake in shares of Grab in the 1st quarter valued at approximately $32,000. Sage Rhino Capital LLC bought a new stake in shares of Grab in the 2nd quarter valued at approximately $38,000. Callan Capital LLC bought a new stake in shares of Grab in the 1st quarter valued at approximately $34,000. Finally, Lane & Associates LLC bought a new stake in shares of Grab in the 1st quarter valued at approximately $39,000. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Down 0.3 %

Shares of Grab stock opened at $3.79 on Wednesday. The firm has a market capitalization of $14.87 billion, a PE ratio of -54.14 and a beta of 0.81. Grab Holdings Limited has a 12-month low of $2.90 and a 12-month high of $3.88. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $3.38 and its 200-day moving average is $3.44.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Grab had a negative return on equity of 3.35% and a negative net margin of 8.24%. The firm had revenue of $664.00 million for the quarter, compared to analyst estimates of $674.17 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. Grab’s quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts anticipate that Grab Holdings Limited will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GRAB shares. Benchmark restated a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Wednesday, September 11th. Mizuho started coverage on Grab in a research report on Thursday, June 27th. They set an “outperform” rating and a $5.00 price objective for the company. Finally, Jefferies Financial Group reduced their price objective on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $4.71.

About Grab

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.