Grab Holdings Limited $GRAB Stock Holdings Increased by Warm Springs Advisors Inc.

Warm Springs Advisors Inc. boosted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 95.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 408,500 shares of the company’s stock after acquiring an additional 200,000 shares during the period. Grab makes up about 1.6% of Warm Springs Advisors Inc.’s portfolio, making the stock its 21st largest holding. Warm Springs Advisors Inc.’s holdings in Grab were worth $2,038,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its holdings in shares of Grab by 201.2% during the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock worth $160,000 after acquiring an additional 23,639 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Grab by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock worth $41,817,000 after buying an additional 529,433 shares during the last quarter. Empowered Funds LLC increased its holdings in Grab by 6.2% in the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after buying an additional 3,090 shares during the last quarter. Focus Partners Wealth bought a new position in Grab during the first quarter valued at approximately $63,000. Finally, Cetera Investment Advisers lifted its stake in Grab by 11.7% in the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock valued at $537,000 after acquiring an additional 11,158 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Insider Activity at Grab

In other news, CAO John Pierantoni sold 14,819 shares of Grab stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $3.61, for a total value of $53,496.59. Following the transaction, the chief accounting officer directly owned 569,376 shares in the company, valued at approximately $2,055,447.36. The trade was a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Peter Henry Oey sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $3.92, for a total value of $196,000.00. Following the transaction, the chief financial officer directly owned 7,050,165 shares of the company’s stock, valued at $27,636,646.80. This represents a 0.70% decrease in their position. 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 sold 552,819 shares of company stock valued at $2,056,657. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on GRAB. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research report on Friday, January 16th. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Grab from $6.10 to $5.90 and set an “overweight” rating for the company in a report on Monday. Sanford C. Bernstein reissued an “outperform” rating and set a $5.80 target price on shares of Grab in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $6.56.

Grab Stock Performance

NASDAQ:GRAB opened at $4.21 on Tuesday. The company’s 50 day moving average is $3.93 and its 200-day moving average is $4.77. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12 month low of $3.48 and a 12 month high of $6.62. The firm has a market cap of $17.25 billion, a price-to-earnings ratio of 140.38, a P/E/G ratio of 1.00 and a beta of 0.99.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. Grab had a net margin of 7.92% and a return on equity of 4.09%. The business had revenue of $906.00 million during the quarter, compared to the consensus estimate of $942.08 million. Equities analysts anticipate that Grab Holdings Limited will post 0.09 EPS for the current year.

Grab Company 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.