Grab Holdings Limited $GRAB Stock Holdings Boosted by Dalton Investments Inc.

Dalton Investments Inc. raised its position in Grab Holdings Limited (NASDAQ:GRAB) by 51.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,077,600 shares of the company’s stock after acquiring an additional 368,400 shares during the quarter. Grab makes up 4.0% of Dalton Investments Inc.’s investment portfolio, making the stock its 7th largest position. Dalton Investments Inc.’s holdings in Grab were worth $5,377,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GRAB. Norges Bank bought a new stake in shares of Grab during the 4th quarter valued at about $161,484,000. Assenagon Asset Management S.A. boosted its stake in shares of Grab by 173.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,753,836 shares of the company’s stock valued at $173,422,000 after purchasing an additional 22,038,961 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Grab by 112.6% during the 3rd quarter. Citigroup Inc. now owns 32,398,782 shares of the company’s stock valued at $195,041,000 after purchasing an additional 17,160,661 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Grab by 24.9% during the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock valued at $480,383,000 after purchasing an additional 15,916,063 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Grab by 327.0% during the 4th quarter. Franklin Resources Inc. now owns 15,701,389 shares of the company’s stock valued at $78,350,000 after purchasing an additional 12,024,099 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Up 2.4%

GRAB opened at $3.35 on Friday. 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 firm has a 50 day moving average price of $3.67 and a 200-day moving average price of $4.22. Grab Holdings Limited has a twelve month low of $3.18 and a twelve month high of $6.62. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 335.34, a PEG ratio of 1.48 and a beta of 0.89.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The company had revenue of $955.00 million for the quarter, compared to analysts’ expectations of $921.71 million. Equities research analysts forecast that Grab Holdings Limited will post 0.08 earnings per share for the current year.

Insider Activity at Grab

In other news, insider Chin Yin Ong sold 48,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total transaction of $170,400.00. Following the completion of the transaction, the insider directly owned 3,781,306 shares of the company’s stock, valued at $13,423,636.30. The trade was a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter Henry Oey sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $3.92, for a total transaction of $196,000.00. Following the transaction, the chief financial officer directly owned 7,050,165 shares of the company’s stock, valued at $27,636,646.80. The trade was a 0.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,156,819 shares of company stock valued at $4,245,017 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Wednesday, May 6th. Finally, Morgan Stanley set a $5.90 target price on shares of Grab in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Grab presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.19.

About Grab

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.