Belpointe Asset Management LLC Invests $802,000 in Grab Holdings Limited $GRAB

Belpointe Asset Management LLC bought a new position in Grab Holdings Limited (NASDAQ:GRAB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 133,230 shares of the company’s stock, valued at approximately $802,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Grab in the 2nd quarter worth about $175,192,000. JPMorgan Chase & Co. increased its position in Grab by 20.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock worth $304,092,000 after purchasing an additional 10,428,014 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Grab by 70.0% in the second quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company’s stock valued at $106,386,000 after buying an additional 8,707,738 shares during the period. Invesco Ltd. lifted its position in Grab by 11.8% during the second quarter. Invesco Ltd. now owns 63,881,785 shares of the company’s stock valued at $321,325,000 after buying an additional 6,767,182 shares in the last quarter. Finally, HRT Financial LP grew its stake in Grab by 533.2% during the second quarter. HRT Financial LP now owns 7,493,486 shares of the company’s stock worth $37,692,000 after buying an additional 6,310,006 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

GRAB has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $5.80 price target on shares of Grab in a research report on Monday. Mizuho set a $7.00 price objective on Grab in a research note on Tuesday, November 4th. Benchmark upped their target price on Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. HSBC upgraded 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, Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $6.47.

Grab Stock Down 1.3%

Shares of NASDAQ GRAB opened at $4.47 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83. Grab Holdings Limited has a 1 year low of $3.36 and a 1 year high of $6.62. The stock’s 50-day simple moving average is $4.96 and its 200-day simple moving average is $5.34. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 111.78 and a beta of 0.90.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Grab had a net margin of 3.81% and a return on equity of 1.91%. The business had revenue of $873.00 million for the quarter, compared to analyst estimates of $870.44 million. As a group, equities analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

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.