Grab Holdings Limited $GRAB Shares Bought by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 23.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,404,506 shares of the company’s stock after purchasing an additional 266,169 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Grab were worth $5,140,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Grab in the fourth quarter valued at $25,000. Parallel Advisors LLC boosted its stake in Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after buying an additional 4,601 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Grab in the 3rd quarter valued at about $38,000. Signaturefd LLC grew its holdings in Grab by 64.6% in the 4th 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. Finally, Larson Financial Group LLC increased its stake in shares of Grab by 162,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after acquiring an additional 6,500 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Performance

Shares of NASDAQ:GRAB opened at $3.90 on Friday. The firm has a market capitalization of $15.98 billion, a PE ratio of 390.39, a P/E/G ratio of 1.77 and a beta of 0.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. The business has a 50-day moving average of $3.60 and a two-hundred day moving average of $4.05. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last released 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 net margin of 10.67% and a return on equity of 5.79%. The firm had revenue of $955.00 million during the quarter, compared to analyst estimates of $921.71 million. As a group, research analysts forecast that Grab Holdings Limited will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GRAB shares. China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $6.25 price target on shares of Grab in a research note on Tuesday. Finally, Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Grab presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.23.

Insider Activity

In other Grab news, CFO Peter Henry Oey sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $3.53, for a total transaction of $176,500.00. Following the completion of the sale, the chief financial officer directly owned 6,950,165 shares in the company, valued at $24,534,082.45. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $3.51, for a total transaction of $1,404,000.00. Following the sale, the chief executive officer owned 425,193 shares of the company’s stock, valued at approximately $1,492,427.43. This represents a 48.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,766,093 shares of company stock worth $6,384,921. Insiders own 3.60% of the company’s stock.

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.