Baillie Gifford & Co. Has $286.71 Million Holdings in Grab Holdings Limited $GRAB

Baillie Gifford & Co. lessened its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,625,480 shares of the company’s stock after selling 506,436 shares during the quarter. Baillie Gifford & Co. owned approximately 1.18% of Grab worth $286,705,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GRAB. Norges Bank purchased a new position in Grab in the second quarter valued at about $175,192,000. JPMorgan Chase & Co. grew its position in Grab by 20.8% in the second quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock worth $304,092,000 after acquiring an additional 10,428,014 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Grab by 70.0% during the 2nd quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company’s stock valued at $106,386,000 after purchasing an additional 8,707,738 shares in the last quarter. Invesco Ltd. lifted its position in shares of Grab by 11.8% in the second quarter. Invesco Ltd. now owns 63,881,785 shares of the company’s stock worth $321,325,000 after buying an additional 6,767,182 shares during the last quarter. Finally, HRT Financial LP lifted its stake in shares of Grab by 533.2% in 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. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating and set a $7.00 target price on shares of Grab in a research note on Tuesday, November 4th. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 price target on the stock in a research report on Friday, January 16th. Finally, Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $6.58.

Grab Trading Up 0.7%

Shares of GRAB opened at $4.58 on Friday. Grab Holdings Limited has a 12-month low of $3.36 and a 12-month high of $6.62. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 114.53 and a beta of 0.90. The stock’s 50-day moving average price is $5.02 and its 200 day moving average price is $5.35.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Grab had a return on equity of 1.91% and a net margin of 3.81%.The firm had revenue of $873.00 million during the quarter, compared to the consensus estimate of $870.44 million. As a group, research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

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.