Andra AP fonden Buys 209,100 Shares of Grab Holdings Limited $GRAB

Andra AP fonden raised its position in Grab Holdings Limited (NASDAQ:GRAB) by 86.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 451,100 shares of the company’s stock after purchasing an additional 209,100 shares during the quarter. Andra AP fonden’s holdings in Grab were worth $2,716,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Grab during the 2nd quarter worth approximately $175,192,000. Citigroup Inc. boosted its position in Grab by 112.6% during the third quarter. Citigroup Inc. now owns 32,398,782 shares of the company’s stock worth $195,041,000 after purchasing an additional 17,160,661 shares during the period. JPMorgan Chase & Co. lifted its stake in Grab by 20.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock worth $304,092,000 after purchasing an additional 10,428,014 shares in the last quarter. Invesco Ltd. grew its position in 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 acquiring an additional 6,767,182 shares in the last quarter. Finally, HRT Financial LP raised its stake in shares of 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 acquiring an additional 6,310,006 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Grab Price Performance

Shares of Grab stock opened at $4.22 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62. The firm has a market cap of $16.99 billion, a PE ratio of 140.71, a P/E/G ratio of 0.95 and a beta of 0.92. The business has a 50-day moving average price of $4.59 and a 200 day moving average price of $5.21.

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

Wall Street Analysts Forecast Growth

GRAB has been the topic of several research analyst reports. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 target price on the stock in a research note on Friday, January 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $5.80 target price on shares of Grab in a report on Monday, January 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.