William Blair Investment Management LLC Increases Stock Position in Grab Holdings Limited $GRAB

William Blair Investment Management LLC raised its position in Grab Holdings Limited (NASDAQ:GRAB) by 14.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,264,548 shares of the company’s stock after buying an additional 3,114,180 shares during the period. William Blair Investment Management LLC owned about 0.60% of Grab worth $146,073,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Grab by 66.5% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,770,976 shares of the company’s stock valued at $64,782,000 after purchasing an additional 4,302,224 shares during the period. Nordea Investment Management AB lifted its position in shares of Grab by 15.7% during the 3rd quarter. Nordea Investment Management AB now owns 19,886,007 shares of the company’s stock valued at $120,509,000 after buying an additional 2,695,472 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Grab by 83.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 967,530 shares of the company’s stock valued at $5,825,000 after acquiring an additional 439,748 shares during the period. Stanley Laman Group Ltd. purchased a new stake in Grab in the 3rd quarter worth $1,204,000. Finally, Mediolanum International Funds Ltd raised its position in Grab by 131.5% during the third quarter. Mediolanum International Funds Ltd now owns 1,697,761 shares of the company’s stock worth $10,373,000 after acquiring an additional 964,475 shares during the period. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Price Performance

NASDAQ:GRAB opened at $4.22 on Friday. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The stock has a market cap of $16.99 billion, a PE ratio of 140.71, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The stock has a 50 day moving average price of $4.59 and a 200 day moving average price of $5.21.

Grab (NASDAQ:GRAB) last issued its earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $906.00 million during the quarter, compared to the consensus estimate of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. Equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GRAB. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Barclays increased their target price on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $5.80 price target on shares of Grab in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd. Finally, Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Grab currently has an average rating of “Buy” and an average price target of $6.47.

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.