Fiduciary Alliance LLC Has $2.68 Million Position in Grab Holdings Limited $GRAB

Fiduciary Alliance LLC grew its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 54.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 536,451 shares of the company’s stock after purchasing an additional 189,943 shares during the quarter. Fiduciary Alliance LLC’s holdings in Grab were worth $2,677,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GRAB. Signaturefd LLC grew its position in shares of Grab by 64.6% in the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after purchasing an additional 2,543 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Grab in the third quarter valued at about $38,000. Larson Financial Group LLC grew its position in shares of Grab by 162,500.0% in the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after purchasing an additional 6,500 shares during the last quarter. Allworth Financial LP grew its position in shares of Grab by 70.9% in the third quarter. Allworth Financial LP now owns 8,085 shares of the company’s stock valued at $49,000 after purchasing an additional 3,354 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of Grab in the second quarter valued at about $54,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Price Performance

NASDAQ GRAB opened at $3.68 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. The stock’s 50 day moving average is $3.96 and its two-hundred day moving average is $4.88. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 122.71, a PEG ratio of 0.88 and a beta of 0.99. Grab Holdings Limited has a 1-year low of $3.48 and a 1-year high of $6.62.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $906.00 million for 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%. Equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Chin Yin Ong sold 38,000 shares of Grab stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.62, for a total value of $137,560.00. Following the completion of the transaction, the insider owned 2,116,051 shares in the company, valued at approximately $7,660,104.62. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO John Pierantoni sold 14,819 shares of Grab stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $3.61, for a total transaction of $53,496.59. Following the completion of the transaction, the chief accounting officer owned 569,376 shares of the company’s stock, valued at $2,055,447.36. This trade represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

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

Grab 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.