Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Lyell Wealth Management LP

Lyell Wealth Management LP lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 33.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,000 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Lyell Wealth Management LP’s holdings in Grab were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GRAB. Dorsey & Whitney Trust CO LLC purchased a new position in Grab in the first quarter valued at $32,000. Miracle Mile Advisors LLC acquired a new stake in Grab in the first quarter valued at about $32,000. Sage Rhino Capital LLC acquired a new stake in Grab in the second quarter valued at about $38,000. Callan Capital LLC acquired a new stake in shares of Grab during the 1st quarter valued at approximately $34,000. Finally, Lane & Associates LLC acquired a new stake in shares of Grab during the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Price Performance

GRAB opened at $3.47 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00. Grab Holdings Limited has a 1-year low of $2.90 and a 1-year high of $3.77. The company has a 50-day moving average of $3.33 and a 200-day moving average of $3.40. The company has a market capitalization of $13.61 billion, a P/E ratio of -49.57 and a beta of 0.81.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The business had revenue of $664.00 million during the quarter, compared to the consensus estimate of $674.17 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. Equities analysts expect that Grab Holdings Limited will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GRAB shares. Jefferies Financial Group dropped their price objective on shares of Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Wednesday, September 11th. Barclays lifted their target price on shares of Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Finally, Mizuho started coverage on shares of Grab in a report on Thursday, June 27th. They issued an “outperform” rating and a $5.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $4.71.

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.