BIT Capital GmbH Grows Holdings in Grab Holdings Limited $GRAB

BIT Capital GmbH lifted its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 395.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,385,500 shares of the company’s stock after acquiring an additional 2,702,076 shares during the quarter. BIT Capital GmbH owned 0.08% of Grab worth $20,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GRAB. AlphaCore Capital LLC acquired a new stake in Grab in the second quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd raised its holdings in Grab by 51.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after acquiring an additional 2,634 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Grab during the second quarter worth approximately $50,000. Savant Capital LLC purchased a new stake in shares of Grab in the second quarter valued at about $51,000. Finally, Orion Porfolio Solutions LLC acquired a new position in Grab in the second quarter valued at approximately $54,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Shares of NASDAQ GRAB opened at $4.40 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.73. The company has a market cap of $17.72 billion, a price-to-earnings ratio of 146.72, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. The stock’s 50-day moving average is $4.67 and its two-hundred day moving average is $5.24. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Benchmark restated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $7.00 price objective on shares of Grab in a report on Tuesday, November 4th. Sanford C. Bernstein restated an “outperform” rating and set a $5.80 target price on shares of Grab in a report on Monday, January 26th. Finally, Mizuho set a $7.00 target price on Grab in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $6.47.

About Grab

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.