Aragon Global Management LP Invests $5.75 Million in Grab Holdings Limited $GRAB

Aragon Global Management LP purchased a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 955,600 shares of the company’s stock, valued at approximately $5,753,000. Grab accounts for 1.8% of Aragon Global Management LP’s portfolio, making the stock its 19th largest holding.

Several other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Grab by 15.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock valued at $82,000 after acquiring an additional 1,768 shares in the last quarter. Savant Capital LLC lifted its stake in shares of Grab by 19.3% in the 3rd quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after acquiring an additional 1,957 shares during the period. Miracle Mile Advisors LLC boosted its holdings in shares of Grab by 6.4% in the third quarter. Miracle Mile Advisors LLC now owns 33,290 shares of the company’s stock valued at $200,000 after acquiring an additional 2,007 shares in the last quarter. Centurion Wealth Management LLC increased its stake in shares of Grab by 4.4% during the third quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company’s stock valued at $294,000 after acquiring an additional 2,049 shares during the period. Finally, Pitcairn Co. grew its holdings in Grab by 11.0% during the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after acquiring an additional 2,080 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Performance

NASDAQ:GRAB opened at $3.71 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62. The stock has a 50 day simple moving average of $4.36 and a 200 day simple moving average of $5.13. The stock has a market cap of $14.94 billion, a P/E ratio of 123.71, a PEG ratio of 0.84 and a beta of 0.93.

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

Analysts Set New Price Targets

GRAB has been the topic of a number of analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $5.80 price target on shares of Grab in a research note on Monday, January 26th. Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Benchmark reaffirmed a “buy” rating on shares of Grab in a research report on Thursday, February 12th. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 target price on the stock in a report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $6.47.

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.