Baillie Gifford & Co. Has $230.60 Million Stock Position in Grab Holdings Limited $GRAB

Baillie Gifford & Co. trimmed its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,212,934 shares of the company’s stock after selling 1,412,546 shares during the quarter. Baillie Gifford & Co. owned 1.15% of Grab worth $230,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in GRAB. Invesco Ltd. boosted its holdings in shares of Grab by 24.9% in the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock worth $480,383,000 after acquiring an additional 15,916,063 shares in the last quarter. State Street Corp raised its position in Grab by 1.8% in the 2nd quarter. State Street Corp now owns 43,322,397 shares of the company’s stock worth $217,912,000 after purchasing an additional 759,696 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Grab by 173.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,753,836 shares of the company’s stock worth $173,422,000 after purchasing an additional 22,038,961 shares during the last quarter. WFM ASIA BVI Ltd raised its position in Grab by 7.4% in the 3rd quarter. WFM ASIA BVI Ltd now owns 33,481,515 shares of the company’s stock worth $201,559,000 after purchasing an additional 2,293,000 shares during the last quarter. Finally, Citigroup Inc. raised its position in Grab by 112.6% in the 3rd 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 last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of Grab stock opened at $3.68 on Monday. The firm has a fifty day moving average of $3.96 and a two-hundred day moving average of $4.86. The stock 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 52 week low of $3.48 and a 52 week high of $6.62. 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 earnings results on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. As a group, equities research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

Insider Buying and Selling at Grab

In other Grab news, insider Chin Yin Ong sold 38,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.62, for a total transaction of $137,560.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO John Pierantoni sold 14,819 shares of the company’s stock in a transaction 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 sale, the chief accounting officer owned 569,376 shares of the company’s stock, valued at approximately $2,055,447.36. This 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.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research report on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research report on Thursday, January 22nd. Benchmark restated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. Finally, HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective for the company in a research report on Friday, January 16th. One equities research 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. Based on data from MarketBeat.com, Grab presently 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.