JPMorgan Chase & Co. Has $335.86 Million Position in Grab Holdings Limited $GRAB

JPMorgan Chase & Co. trimmed its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 7.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 55,790,048 shares of the company’s stock after selling 4,665,541 shares during the quarter. JPMorgan Chase & Co.’s holdings in Grab were worth $335,856,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of 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 last quarter. Nordea Investment Management AB raised its holdings in shares of Grab by 15.7% in the 3rd quarter. Nordea Investment Management AB now owns 19,886,007 shares of the company’s stock valued at $120,509,000 after purchasing an additional 2,695,472 shares during the period. Allianz Asset Management GmbH lifted 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 purchasing an additional 439,748 shares during the last quarter. Stanley Laman Group Ltd. acquired a new stake in shares of Grab in the third quarter valued at approximately $1,204,000. Finally, Mediolanum International Funds Ltd lifted its holdings in Grab by 131.5% during the 3rd quarter. Mediolanum International Funds Ltd now owns 1,697,761 shares of the company’s stock valued at $10,373,000 after purchasing an additional 964,475 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

GRAB has been the subject of a number of research analyst reports. Barclays boosted their price objective on Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $5.80 price target on shares of Grab in a report on Monday, January 26th. Mizuho set a $7.00 price objective on shares of Grab in a research report on Tuesday, November 4th. Benchmark reissued a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Grab currently has an average rating of “Buy” and an average price target of $6.47.

Grab Price Performance

Shares of NASDAQ GRAB opened at $4.40 on Friday. The company has a market capitalization of $17.72 billion, a PE ratio of 146.72, a PEG ratio of 0.97 and a beta of 0.92. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $4.67 and its 200-day moving average price is $5.24. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62.

Grab (NASDAQ:GRAB) last released its earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $906.00 million during the quarter, compared to the consensus estimate of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. On average, equities analysts anticipate that Grab Holdings Limited will post 0.05 EPS 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.