Kepler Cheuvreux Suisse SA Acquires Shares of 241,710 Grab Holdings Limited $GRAB

Kepler Cheuvreux Suisse SA acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 241,710 shares of the company’s stock, valued at approximately $1,206,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Grab by 66.5% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,770,976 shares of the company’s stock worth $64,782,000 after acquiring an additional 4,302,224 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Grab by 83.3% in the third quarter. Allianz Asset Management GmbH now owns 967,530 shares of the company’s stock worth $5,825,000 after buying an additional 439,748 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Grab by 15.7% in the third quarter. Nordea Investment Management AB now owns 19,886,007 shares of the company’s stock worth $120,509,000 after buying an additional 2,695,472 shares in the last quarter. Mediolanum International Funds Ltd raised its position in shares of Grab by 131.5% in the third quarter. Mediolanum International Funds Ltd now owns 1,697,761 shares of the company’s stock worth $10,373,000 after buying an additional 964,475 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Grab by 68.3% in the third quarter. Principal Financial Group Inc. now owns 10,220,905 shares of the company’s stock worth $61,530,000 after buying an additional 4,149,040 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Grab

In other Grab news, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $3.92, for a total transaction of $196,000.00. Following the sale, the chief financial officer owned 7,050,165 shares in the company, valued at $27,636,646.80. This trade represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 38,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $3.59, for a total value of $136,420.00. Following the sale, the insider owned 3,822,988 shares in the company, valued at $13,724,526.92. The trade was a 0.98% 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 ninety days, insiders have sold 590,819 shares of company stock valued at $2,193,077. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on GRAB. Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. lowered their price objective on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research report on Tuesday, May 5th. Zacks Research downgraded Grab from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Benchmark reiterated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Grab presently has an average rating of “Moderate Buy” and a consensus price target of $6.19.

Grab Trading Down 1.9%

NASDAQ GRAB opened at $3.65 on Tuesday. The stock’s 50-day simple moving average is $3.82 and its two-hundred day simple moving average is $4.58. Grab Holdings Limited has a twelve month low of $3.48 and a twelve month high of $6.62. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 365.37, a PEG ratio of 1.69 and a beta of 0.93.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The firm had revenue of $955.00 million for the quarter, compared to analysts’ expectations of $921.71 million. Research analysts forecast that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.

Grab 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.