Barclays PLC Has $66.67 Million Stock Holdings in Grab Holdings Limited $GRAB

Barclays PLC decreased its position in Grab Holdings Limited (NASDAQ:GRAB) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,075,473 shares of the company’s stock after selling 242,331 shares during the quarter. Barclays PLC owned approximately 0.28% of Grab worth $66,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Grab by 201.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock worth $160,000 after buying an additional 23,639 shares during the period. Goldman Sachs Group Inc. raised its holdings in Grab by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock worth $41,817,000 after acquiring an additional 529,433 shares during the period. Empowered Funds LLC lifted its position in Grab by 6.2% during the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after acquiring an additional 3,090 shares during the last quarter. Focus Partners Wealth bought a new stake in Grab during the first quarter valued at about $63,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Grab by 85.8% during the second quarter. Envestnet Asset Management Inc. now owns 679,963 shares of the company’s stock valued at $3,420,000 after acquiring an additional 314,016 shares during the period. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GRAB has been the topic of a number of recent analyst reports. HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective on the stock in a research note on Friday, January 16th. Barclays increased their target price on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Benchmark reaffirmed a “buy” rating on shares of Grab in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $6.47.

Grab Stock Down 1.1%

NASDAQ GRAB opened at $3.99 on Monday. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62. The stock has a market cap of $16.05 billion, a PE ratio of 132.88, a PEG ratio of 0.89 and a beta of 0.93. The firm has a 50-day simple moving average of $4.48 and a 200 day simple moving average of $5.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. Grab had a return on equity of 4.09% and a net margin of 7.92%.The firm had revenue of $906.00 million for the quarter, compared to analyst estimates of $942.08 million. On average, research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

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.