BNP Paribas Financial Markets Sells 1,838,295 Shares of Grab Holdings Limited $GRAB

BNP Paribas Financial Markets cut its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,708,548 shares of the company’s stock after selling 1,838,295 shares during the period. BNP Paribas Financial Markets’ holdings in Grab were worth $124,665,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. AlphaCore Capital LLC bought a new stake in shares of Grab during the 2nd quarter worth approximately $33,000. Prospera Financial Services Inc bought a new position in shares of Grab in the second quarter valued at $50,000. Savant Capital LLC acquired a new position in Grab during the second quarter worth $51,000. Orion Porfolio Solutions LLC acquired a new position in Grab during the second quarter worth $54,000. Finally, EverSource Wealth Advisors LLC raised its position in Grab by 98.9% during the second quarter. EverSource Wealth Advisors LLC now owns 11,797 shares of the company’s stock worth $59,000 after acquiring an additional 5,866 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on GRAB shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $5.80 price target on shares of Grab in a research note on Monday, January 26th. Benchmark restated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Finally, HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 price target on the stock in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Grab has an average rating of “Buy” and an average target price of $6.47.

Grab Trading Up 0.5%

GRAB stock opened at $3.89 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.73. The company has a fifty day moving average price of $4.41 and a two-hundred day moving average price of $5.15. 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 $15.67 billion, a price-to-earnings ratio of 129.71, a price-to-earnings-growth ratio of 0.87 and a beta of 0.93.

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

Grab Company 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.