Natixis Advisors LLC Sells 31,229 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Natixis Advisors LLC cut its stake in Grab Holdings Limited (NASDAQ:GRAB) by 20.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,451 shares of the company’s stock after selling 31,229 shares during the quarter. Natixis Advisors LLC’s holdings in Grab were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GRAB. Garde Capital Inc. acquired a new position in shares of Grab in the 1st quarter valued at approximately $29,000. J2 Capital Management Inc acquired a new position in shares of Grab in the 1st quarter valued at approximately $45,000. Proficio Capital Partners LLC bought a new stake in Grab in the 1st quarter valued at approximately $45,000. Perigon Wealth Management LLC bought a new stake in Grab in the 1st quarter valued at approximately $48,000. Finally, Intelligence Driven Advisers LLC bought a new stake in Grab in the 1st quarter valued at approximately $48,000. 55.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their target price on Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.82.

Grab Price Performance

Grab stock opened at $4.82 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $19.41 billion, a PE ratio of 120.53 and a beta of 0.84. Grab Holdings Limited has a 12 month low of $3.08 and a 12 month high of $5.72. The stock has a 50-day moving average price of $4.95 and a two-hundred day moving average price of $4.74.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%. The company had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

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.