261,086 Shares in Grab Holdings Limited $GRAB Purchased by ABN Amro Investment Solutions

ABN Amro Investment Solutions purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 261,086 shares of the company’s stock, valued at approximately $956,000.

A number of other hedge funds also recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Grab during the fourth quarter valued at approximately $25,000. Montag A & Associates Inc. acquired a new stake in Grab during the 1st quarter worth about $27,000. Parallel Advisors LLC boosted its stake in Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after purchasing an additional 4,601 shares during the period. Signaturefd LLC boosted 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 worth $32,000 after buying an additional 2,543 shares during the period. Finally, Advocate Investing Services LLC purchased a new position in Grab during the 4th quarter valued at about $35,000. Institutional investors own 55.52% of the company’s stock.

Insiders Place Their Bets

In other Grab news, COO Alexander Charles Hungate sold 144,093 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $3.45, for a total value of $497,120.85. Following the transaction, the chief operating officer directly owned 6,254,023 shares in the company, valued at $21,576,379.35. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the company’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $3.91, for a total transaction of $1,564,000.00. Following the completion of the transaction, the chief executive officer owned 28,498 shares in the company, valued at approximately $111,427.18. This represents a 93.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,666,093 shares of company stock worth $6,083,321 in the last quarter. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Mizuho dropped their target price on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Barclays cut their price objective on shares of Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $6.25 price objective on shares of Grab in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.01.

Grab Price Performance

Shares of GRAB stock opened at $3.31 on Friday. Grab Holdings Limited has a 1 year low of $3.18 and a 1 year high of $6.62. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $3.58 and its 200-day moving average is $3.90. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 331.33, a PEG ratio of 1.27 and a beta of 0.87.

Grab (NASDAQ:GRAB) last posted its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. Sell-side analysts forecast that Grab Holdings Limited will post 0.1 EPS for the current fiscal year.

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.