William Blair Investment Management LLC Trims Position in Grab Holdings Limited $GRAB

by · The Cerbat Gem

William Blair Investment Management LLC decreased its position in shares of Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,676,283 shares of the company’s stock after selling 1,588,265 shares during the quarter. William Blair Investment Management LLC’s holdings in Grab were worth $113,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC lifted its stake in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after buying an additional 2,543 shares during the period. Advisory Services Network LLC purchased a new position in Grab during the third quarter worth approximately $38,000. Larson Financial Group LLC raised its stake in Grab by 162,500.0% during the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after purchasing an additional 6,500 shares during the period. Global Retirement Partners LLC raised its stake in Grab by 66.9% during the fourth quarter. Global Retirement Partners LLC now owns 8,516 shares of the company’s stock worth $42,000 after purchasing an additional 3,414 shares during the period. Finally, Allworth Financial LP raised its stake in Grab by 70.9% during the third quarter. Allworth Financial LP now owns 8,085 shares of the company’s stock worth $49,000 after purchasing an additional 3,354 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Insider Activity

In related news, CAO John Pierantoni sold 14,819 shares of Grab stock in a transaction on Friday, March 20th. The shares were sold at an average price of $3.61, for a total transaction of $53,496.59. Following the sale, the chief accounting officer owned 569,376 shares of the company’s stock, valued at $2,055,447.36. The trade was a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction on Friday, May 15th. The stock was sold at an average price of $3.54, for a total transaction of $177,000.00. Following the sale, the chief financial officer directly owned 7,000,165 shares in the company, valued at $24,780,584.10. This trade represents a 0.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,070,819 shares of company stock worth $3,944,277 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, May 6th. Morgan Stanley set a $5.90 price target on shares of Grab in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $5.80 price target on shares of Grab in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Grab currently has a consensus rating of “Moderate Buy” and an average price target of $6.19.

Check Out Our Latest Stock Analysis on GRAB

Grab Stock Performance

Shares of GRAB stock opened at $3.51 on Friday. The company’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $4.44. Grab Holdings Limited has a 52 week low of $3.39 and a 52 week high of $6.62. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The company has a market cap of $14.38 billion, a PE ratio of 351.35, a P/E/G ratio of 1.59 and a beta of 0.93.

Grab (NASDAQ:GRAB – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The business had revenue of $955.00 million during the quarter, compared to analysts’ expectations of $921.71 million. As a group, equities research analysts anticipate that Grab Holdings Limited will post 0.08 EPS for the current year.

Grab Profile

(Free Report)

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.

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