Kepler Cheuvreux Suisse SA Acquires New Shares in Grab Holdings Limited $GRAB

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

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in Grab by 15.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock worth $82,000 after buying an additional 1,768 shares during the period. Savant Capital LLC increased its position in Grab by 19.3% in the 3rd quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock valued at $73,000 after buying an additional 1,957 shares in the last quarter. Pitcairn Co. increased its holdings in Grab by 11.0% during the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after purchasing an additional 2,080 shares in the last quarter. Adalta Capital Management LLC increased its holdings in Grab by 2.2% during the 3rd quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock worth $607,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Grab by 7.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock worth $161,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Insider Buying and Selling

In related news, insider Chin Yin Ong sold 38,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $3.59, for a total value of $136,420.00. Following the transaction, the insider owned 3,822,988 shares in the company, valued at approximately $13,724,526.92. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $3.92, for a total value of $196,000.00. Following the transaction, the chief financial officer directly owned 7,050,165 shares of the company’s stock, valued at approximately $27,636,646.80. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 590,819 shares of company stock valued at $2,193,077 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GRAB. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. decreased their price objective on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a report on Tuesday, May 5th. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective for the company in a report on Friday, January 16th. Finally, Benchmark reissued a “buy” rating on shares of Grab in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.19.

Grab Stock Performance

GRAB stock opened at $3.65 on Tuesday. The firm has a market cap of $14.96 billion, a PE ratio of 365.37, a P/E/G ratio of 1.69 and a beta of 0.93. 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 business has a 50 day moving average of $3.82 and a 200-day moving average of $4.58. Grab Holdings Limited has a 12-month low of $3.48 and a 12-month high of $6.62.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $955.00 million during the quarter, compared to the consensus estimate of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. As a group, sell-side analysts expect that Grab Holdings Limited will post 0.08 earnings per share for the current 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.