Aubrey Capital Management Ltd Increases Stake in Grab Holdings Limited $GRAB

Aubrey Capital Management Ltd boosted its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,189,258 shares of the company’s stock after purchasing an additional 306,000 shares during the quarter. Grab makes up about 8.0% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 3rd largest holding. Aubrey Capital Management Ltd owned about 0.10% of Grab worth $25,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaCore Capital LLC bought a new position in shares of Grab in the 2nd quarter worth about $33,000. Caitong International Asset Management Co. Ltd raised its stake in Grab by 51.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock worth $39,000 after acquiring an additional 2,634 shares during the period. Prospera Financial Services Inc bought a new position in Grab in the second quarter worth about $50,000. Savant Capital LLC acquired a new position in Grab in the second quarter valued at approximately $51,000. Finally, Orion Porfolio Solutions LLC bought a new position in shares of Grab during the second quarter valued at approximately $54,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Trading Down 2.4%

Shares of NASDAQ:GRAB opened at $4.40 on Thursday. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 110.03 and a beta of 0.90. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83. The company has a 50 day moving average price of $5.05 and a 200 day moving average price of $5.35.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Grab had a net margin of 3.81% and a return on equity of 1.91%. The company had revenue of $873.00 million during the quarter, compared to the consensus estimate of $870.44 million. On average, research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GRAB has been the topic of several recent research reports. Wall Street Zen downgraded Grab from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 target price on the stock in a research report on Friday, January 16th. Barclays boosted their price target on shares of Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Benchmark increased their price objective on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Grab currently has a consensus rating of “Buy” and an average price target of $6.58.

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.