Capital International Sarl Has $2.65 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Capital International Sarl cut its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 38.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 842,422 shares of the company’s stock after selling 517,152 shares during the quarter. Capital International Sarl’s holdings in Grab were worth $2,645,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GRAB. Goldman Sachs Group Inc. grew its stake in Grab by 1.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,648,194 shares of the company’s stock valued at $25,774,000 after purchasing an additional 126,365 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Grab by 3.8% during the 4th quarter. California State Teachers Retirement System now owns 2,326,539 shares of the company’s stock worth $7,840,000 after purchasing an additional 85,670 shares during the last quarter. OPTIMAS CAPITAL Ltd acquired a new stake in Grab during the 4th quarter worth approximately $2,146,000. NewEdge Wealth LLC lifted its holdings in Grab by 17.1% during the 4th quarter. NewEdge Wealth LLC now owns 124,093 shares of the company’s stock worth $418,000 after purchasing an additional 18,094 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Grab by 0.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 944,627 shares of the company’s stock worth $3,103,000 after purchasing an additional 5,317 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on GRAB. Barclays lifted their price target on Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Mizuho began coverage on Grab in a report on Thursday, June 27th. They set an “outperform” rating and a $5.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on Grab in a report on Friday, May 17th. They set a “buy” rating and a $4.50 price target for the company. Jefferies Financial Group dropped their price target on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, HSBC reaffirmed a “buy” rating and issued a $4.30 price objective on shares of Grab in a report on Thursday, April 4th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Grab presently has an average rating of “Buy” and a consensus price target of $5.02.

Grab Price Performance

NASDAQ GRAB traded up $0.01 during midday trading on Friday, hitting $3.33. The company had a trading volume of 13,942,923 shares, compared to its average volume of 22,185,189. The company has a current ratio of 3.26, a quick ratio of 3.22 and a debt-to-equity ratio of 0.03. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $3.92. The company has a market capitalization of $13.06 billion, a PE ratio of -47.56 and a beta of 0.81. The firm has a 50-day moving average price of $3.57 and a 200-day moving average price of $3.38.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $653.00 million during the quarter, compared to analyst estimates of $662.48 million. Grab had a negative net margin of 11.86% and a negative return on equity of 4.62%. As a group, analysts anticipate that Grab Holdings Limited will post -0.03 earnings per share for the current fiscal year.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.