GFG Capital LLC Makes New $149,000 Investment in Grab Holdings Limited (NASDAQ:GRAB)

GFG Capital LLC bought a new stake in Grab Holdings Limited (NASDAQ:GRAB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,159 shares of the company’s stock, valued at approximately $149,000.

Other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. bought a new position in Grab during the second quarter valued at $166,587,000. Coronation Fund Managers Ltd. lifted its position in shares of Grab by 29.7% during the second quarter. Coronation Fund Managers Ltd. now owns 45,452,613 shares of the company’s stock worth $161,357,000 after acquiring an additional 10,410,574 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Grab by 39.7% during the second quarter. Marshall Wace LLP now owns 30,405,993 shares of the company’s stock worth $107,941,000 after acquiring an additional 8,635,310 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Grab by 18.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,243,162 shares of the company’s stock worth $76,924,000 after acquiring an additional 3,163,309 shares in the last quarter. Finally, Prudential PLC lifted its position in shares of Grab by 13.9% during the second quarter. Prudential PLC now owns 20,226,225 shares of the company’s stock worth $71,803,000 after acquiring an additional 2,461,934 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Grab Price Performance

Shares of NASDAQ GRAB opened at $4.03 on Tuesday. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $4.06. The firm has a market cap of $15.81 billion, a P/E ratio of -57.57 and a beta of 0.83. The company has a 50 day moving average of $3.48 and a 200 day moving average of $3.49. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, August 15th. The company reported ($0.01) EPS for the quarter, hitting 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 previous year, the firm posted ($0.03) EPS. The firm’s revenue was up 17.1% on a year-over-year basis. As a group, research analysts expect that Grab Holdings Limited will post -0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Mizuho assumed coverage on Grab in a research report on Thursday, June 27th. They set an “outperform” rating and a $5.00 target price on the stock. Jefferies Financial Group lowered their price target on Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Benchmark restated a “buy” rating and set a $6.00 price target on shares of Grab in a research report on Wednesday, September 11th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $4.71.

Grab 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.