Quantbot Technologies LP Invests $2.85 Million in Grab Holdings Limited $GRAB

Quantbot Technologies LP purchased a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 567,232 shares of the company’s stock, valued at approximately $2,853,000.

A number of other large investors have also recently bought and sold shares of the business. M&T Bank Corp raised its holdings in Grab by 7.5% during the second quarter. M&T Bank Corp now owns 174,366 shares of the company’s stock valued at $877,000 after buying an additional 12,199 shares in the last quarter. Norges Bank bought a new stake in shares of Grab during the 2nd quarter worth about $175,192,000. Quadrature Capital Ltd acquired a new position in shares of Grab during the 2nd quarter valued at about $4,143,000. Scotia Capital Inc. increased its holdings in shares of Grab by 1.5% during the 2nd quarter. Scotia Capital Inc. now owns 184,673 shares of the company’s stock valued at $929,000 after acquiring an additional 2,809 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Grab by 13.6% in the 2nd quarter. Hsbc Holdings PLC now owns 7,935,800 shares of the company’s stock valued at $39,931,000 after acquiring an additional 949,297 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GRAB shares. HSBC reaffirmed a “hold” rating and set a $6.20 target price on shares of Grab in a research report on Wednesday, September 17th. Hsbc Global Res downgraded shares of Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Wall Street Zen lowered shares of Grab from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Wednesday, October 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $7.00 price target on shares of Grab in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Grab currently has a consensus rating of “Moderate Buy” and an average price target of $6.37.

Grab Trading Up 0.6%

Shares of Grab stock opened at $5.30 on Friday. Grab Holdings Limited has a 1 year low of $3.36 and a 1 year high of $6.62. The company’s fifty day simple moving average is $5.72 and its 200-day simple moving average is $5.33. The company has a market cap of $21.34 billion, a price-to-earnings ratio of 132.53 and a beta of 0.89. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $873.00 million during the quarter, compared to the consensus estimate of $870.44 million. Grab had a net margin of 3.81% and a return on equity of 1.91%. As a group, sell-side analysts expect that Grab Holdings Limited will post 0.05 EPS for the current 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.