Grab Holdings Limited $GRAB Shares Bought by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC grew its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 73.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 653,429 shares of the company’s stock after purchasing an additional 275,684 shares during the period. Euro Pacific Asset Management LLC’s holdings in Grab were worth $2,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Grab by 3.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,891,298 shares of the company’s stock valued at $58,321,000 after purchasing an additional 467,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Grab by 62.6% during the first quarter. Principal Financial Group Inc. now owns 21,422,123 shares of the company’s stock worth $78,405,000 after buying an additional 8,244,732 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Grab by 117.3% in the first quarter. Sequoia Financial Advisors LLC now owns 151,710 shares of the company’s stock worth $555,000 after buying an additional 81,902 shares during the last quarter. Warm Springs Advisors Inc. grew its position in Grab by 12.2% in the first quarter. Warm Springs Advisors Inc. now owns 458,500 shares of the company’s stock worth $1,678,000 after buying an additional 50,000 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Grab by 129.1% in the first quarter. Hsbc Holdings PLC now owns 14,786,634 shares of the company’s stock valued at $54,056,000 after buying an additional 8,331,486 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analysts Set New Price Targets

GRAB has been the subject of a number of recent research reports. Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday, May 6th. Barclays cut their target price on Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $6.25 target price on shares of Grab in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. decreased their price target on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Grab has an average rating of “Moderate Buy” and a consensus target price of $6.01.

Insider Buying and Selling

In related news, COO Alexander Charles Hungate sold 144,093 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $3.45, for a total transaction of $497,120.85. Following the transaction, the chief operating officer directly owned 6,254,023 shares of the company’s stock, valued at approximately $21,576,379.35. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $3.53, for a total value of $105,900.00. Following the completion of the sale, the insider directly owned 4,065,430 shares of the company’s stock, valued at approximately $14,350,967.90. This represents a 0.73% 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. Over the last three months, insiders have sold 1,666,093 shares of company stock valued at $6,083,321. 3.60% of the stock is currently owned by company insiders.

Grab Stock Down 4.3%

Shares of NASDAQ:GRAB opened at $3.57 on Friday. The firm has a 50 day simple moving average of $3.60 and a 200 day simple moving average of $3.96. Grab Holdings Limited has a 52 week low of $3.18 and a 52 week high of $6.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. The company has a market cap of $14.63 billion, a PE ratio of 357.36, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87.

Grab (NASDAQ:GRAB) last posted 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 return on equity of 5.79% and a net margin of 10.67%.The firm had revenue of $955.00 million for the quarter, compared to analysts’ expectations of $921.71 million. As a group, research analysts expect that Grab Holdings Limited will post 0.1 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.