151,822 Shares in Grab Holdings Limited (NASDAQ:GRAB) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC bought a new stake in Grab Holdings Limited (NASDAQ:GRAB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 151,822 shares of the company’s stock, valued at approximately $539,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in shares of Grab by 8.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,185 shares of the company’s stock valued at $143,000 after buying an additional 3,020 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of Grab by 37.0% in the 2nd 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 during the period. Cigna Investments Inc. New increased its stake in shares of Grab by 12.9% in the 2nd quarter. Cigna Investments Inc. New now owns 40,269 shares of the company’s stock valued at $143,000 after buying an additional 4,595 shares during the period. Lake Street Advisors Group LLC increased its stake in shares of Grab by 0.7% in the 2nd quarter. Lake Street Advisors Group LLC now owns 700,455 shares of the company’s stock valued at $2,487,000 after buying an additional 5,131 shares during the period. Finally, Forsta AP Fonden grew its stake in shares of Grab by 1.1% during the first quarter. Forsta AP Fonden now owns 552,100 shares of the company’s stock worth $1,734,000 after purchasing an additional 6,100 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Down 0.3 %

NASDAQ:GRAB opened at $3.79 on Wednesday. Grab Holdings Limited has a 1 year low of $2.90 and a 1 year high of $3.88. The company has a current ratio of 3.00, a quick ratio of 2.97 and a debt-to-equity ratio of 0.03. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of -54.14 and a beta of 0.81. The stock has a 50-day moving average price of $3.38 and a two-hundred day moving average price of $3.44.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research note on Wednesday, September 11th. Mizuho assumed coverage on Grab in a research note on Thursday, June 27th. They set an “outperform” rating and a $5.00 price objective for the company. Finally, Jefferies Financial Group decreased their price objective on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Grab has a consensus rating of “Buy” and a consensus price target of $4.71.

Grab Company Profile

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.