Robeco Institutional Asset Management B.V. Has $30.22 Million Stock Position in Grab Holdings Limited $GRAB

Robeco Institutional Asset Management B.V. lowered its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 28.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,019,931 shares of the company’s stock after selling 1,977,170 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Grab worth $30,220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GRAB. AlphaCore Capital LLC bought a new position in Grab in the 2nd quarter valued at $33,000. Caitong International Asset Management Co. Ltd increased its holdings in Grab by 51.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock worth $39,000 after buying an additional 2,634 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Grab in the second quarter valued at about $50,000. BSW Wealth Partners bought a new position in shares of Grab during the 3rd quarter valued at approximately $61,000. Finally, Savant Capital LLC bought a new position in shares of Grab during the 2nd quarter valued at approximately $51,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Stock Down 3.6%

Shares of NASDAQ GRAB opened at $5.08 on Thursday. The business has a 50-day simple moving average of $5.30 and a two-hundred day simple moving average of $5.37. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.62. The company has a market cap of $20.46 billion, a P/E ratio of 127.03 and a beta of 0.90. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $873.00 million during the quarter, compared to the consensus estimate of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. Research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Grab from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Benchmark increased their price target on Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Mizuho set a $7.00 price objective on Grab in a report on Tuesday, November 4th. Hsbc Global Res downgraded shares of Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Finally, Barclays increased their target price on shares of Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Grab currently has an average rating of “Moderate Buy” and an average price target of $6.58.

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.