University of Texas Texas AM Investment Management Co. Acquires Shares of 213,907 Grab Holdings Limited $GRAB

University of Texas Texas AM Investment Management Co. bought a new position in Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 213,907 shares of the company’s stock, valued at approximately $1,067,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after acquiring an additional 4,601 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Grab by 64.6% in the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after purchasing an additional 2,543 shares during the last quarter. Advocate Investing Services LLC purchased a new position in shares of Grab during the fourth quarter worth approximately $35,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Grab by 128.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company’s stock valued at $38,000 after acquiring an additional 4,225 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Grab in the third quarter worth approximately $38,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Grab

In related news, CFO Peter Henry Oey sold 50,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $3.92, for a total value of $196,000.00. Following the completion of the transaction, the chief financial officer owned 7,050,165 shares of the company’s stock, valued at approximately $27,636,646.80. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $3.67, for a total transaction of $1,468,000.00. Following the completion of the transaction, the chief executive officer owned 25,193 shares of the company’s stock, valued at $92,458.31. This represents a 94.07% 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. Over the last three months, insiders sold 1,156,819 shares of company stock worth $4,245,017. 3.60% of the stock is currently owned by company insiders.

Grab Stock Performance

NASDAQ:GRAB opened at $3.46 on Tuesday. The firm has a market capitalization of $14.18 billion, a PE ratio of 346.35, a price-to-earnings-growth ratio of 1.50 and a beta of 0.89. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62. The business’s fifty day moving average price is $3.66 and its 200 day moving average price is $4.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65.

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

Analyst Upgrades and Downgrades

GRAB has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Wednesday, May 6th. Mizuho dropped their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.