Andra AP fonden Invests $459,000 in Grab Holdings Limited (NASDAQ:GRAB)

Andra AP fonden purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 129,200 shares of the company’s stock, valued at approximately $459,000.

A number of other large investors also recently bought and sold shares of GRAB. Dorsey & Whitney Trust CO LLC increased its position in shares of Grab by 37.0% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after buying an additional 3,795 shares in the last quarter. Van Berkom & Associates Inc. raised its position in Grab by 82.9% during the second quarter. Van Berkom & Associates Inc. now owns 116,300 shares of the company’s stock worth $413,000 after acquiring an additional 52,700 shares during the period. Choreo LLC purchased a new position in Grab during the second quarter valued at $112,000. Wedbush Securities Inc. acquired a new stake in shares of Grab in the second quarter valued at about $65,000. Finally, Prudential PLC increased its stake in shares of Grab by 13.9% during the second quarter. Prudential PLC now owns 20,226,225 shares of the company’s stock worth $71,803,000 after purchasing an additional 2,461,934 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Price Performance

NASDAQ GRAB opened at $3.45 on Friday. The business’s fifty day simple moving average is $3.33 and its 200-day simple moving average is $3.39. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. The firm has a market cap of $13.53 billion, a PE ratio of -49.29 and a beta of 0.81. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $3.77.

Grab (NASDAQ:GRAB) last issued its earnings results on Thursday, August 15th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The company had revenue of $664.00 million for the quarter, compared to the consensus estimate of $674.17 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. Grab’s quarterly revenue was up 17.1% compared to the same quarter last year. As a group, equities analysts anticipate that Grab Holdings Limited will post -0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GRAB shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Grab in a research note on Friday, May 17th. They issued a “buy” rating and a $4.50 price target on the stock. Jefferies Financial Group dropped their price target on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Mizuho began coverage on Grab in a report on Thursday, June 27th. They issued an “outperform” rating and a $5.00 price objective on the stock. Barclays upped their target price on shares of Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Finally, Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a research note on Wednesday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $4.71.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.