Grab Holdings Limited $GRAB Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,383,899 shares of the company’s stock after purchasing an additional 240,591 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Grab were worth $12,110,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew 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 buying an additional 22,038,961 shares during the period. Citigroup Inc. raised its position in shares of Grab by 112.6% in the 3rd quarter. Citigroup Inc. now owns 32,398,782 shares of the company’s stock worth $195,041,000 after buying an additional 17,160,661 shares during the period. Invesco Ltd. boosted its holdings in Grab by 24.9% in the third quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock valued at $480,383,000 after acquiring an additional 15,916,063 shares during the last quarter. Two Creeks Capital Management LP acquired a new position in Grab in the third quarter valued at $58,170,000. Finally, Ameriprise Financial Inc. grew its position in Grab by 1,908.0% during the third quarter. Ameriprise Financial Inc. now owns 5,662,747 shares of the company’s stock valued at $34,090,000 after acquiring an additional 5,380,737 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

Shares of GRAB opened at $3.72 on Monday. Grab Holdings Limited has a 12 month low of $3.48 and a 12 month high of $6.62. The stock’s 50-day moving average is $3.84 and its two-hundred day moving average is $4.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. The stock has a market cap of $15.24 billion, a PE ratio of 372.37, a P/E/G ratio of 1.69 and a beta of 0.93.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Wednesday, May 6th. Zacks Research cut Grab from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research report on Friday, January 16th. Mizuho cut their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.19.

Insider Transactions at Grab

In other Grab news, CAO John Pierantoni sold 14,819 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $3.61, for a total value of $53,496.59. Following the completion of the sale, the chief accounting officer owned 569,376 shares of the company’s stock, valued at $2,055,447.36. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab 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 $117,600.00. Following the sale, the insider owned 4,145,430 shares in the company, valued at $16,250,085.60. This represents a 0.72% decrease in their position. 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 have sold 590,819 shares of company stock worth $2,193,077 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

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.