Groupe la Francaise Raises Holdings in Grab Holdings Limited $GRAB

Groupe la Francaise increased its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 755.9% in the first quarter, Holdings Channel reports. The fund owned 4,186,842 shares of the company’s stock after purchasing an additional 3,697,656 shares during the quarter. Groupe la Francaise’s holdings in Grab were worth $15,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Grab in the fourth quarter valued at about $25,000. Parallel Advisors LLC raised its holdings in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after buying an additional 4,601 shares during the last quarter. Advisory Services Network LLC purchased a new position in Grab in the 3rd quarter worth $38,000. Signaturefd LLC lifted its holdings in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after purchasing an additional 2,543 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Grab by 162,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after acquiring an additional 6,500 shares during the period. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Alexander Charles Hungate sold 144,093 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $3.45, for a total transaction of $497,120.85. Following the transaction, the chief operating officer directly owned 6,254,023 shares in the company, valued at $21,576,379.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $3.53, for a total value of $176,500.00. Following the transaction, the chief financial officer owned 6,950,165 shares in the company, valued at $24,534,082.45. The trade was a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,666,093 shares of company stock valued at $6,083,321. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GRAB. JPMorgan Chase & Co. lowered their target price on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Barclays lowered their price target on shares of Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Mizuho lowered their price objective on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Finally, China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.01.

Grab Price Performance

GRAB stock opened at $3.40 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a twelve month low of $3.18 and a twelve month high of $6.62. The business has a 50 day simple moving average of $3.57 and a 200-day simple moving average of $3.85. The company has a market capitalization of $13.93 billion, a P/E ratio of 340.34, a PEG ratio of 1.29 and a beta of 0.87.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The company had revenue of $955.00 million during the quarter, compared to analyst estimates of $921.71 million. As a group, equities analysts anticipate that Grab Holdings Limited will post 0.1 EPS for the current year.

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.