Grab Holdings Limited $GRAB Shares Bought by Two Sigma Securities LLC

Two Sigma Securities LLC increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 114.5% during the second quarter, HoldingsChannel.com reports. The fund owned 303,096 shares of the company’s stock after buying an additional 161,821 shares during the period. Two Sigma Securities LLC’s holdings in Grab were worth $1,143,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Grab in the 4th quarter valued at approximately $25,000. Parallel Advisors LLC boosted its position in shares of Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after purchasing an additional 4,601 shares during the period. Advisory Services Network LLC purchased a new stake in Grab during the 3rd quarter valued at approximately $38,000. Larson Financial Group LLC lifted its position in Grab by 162,500.0% in the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after purchasing an additional 6,500 shares during the period. Finally, Advocate Investing Services LLC purchased a new stake in Grab during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Down 1.9%

GRAB stock opened at $3.54 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 1 year low of $3.18 and a 1 year high of $6.62. The company has a fifty day simple moving average of $3.63 and a 200 day simple moving average of $3.72. The firm has a market cap of $14.51 billion, a PE ratio of 59.01, a PEG ratio of 0.95 and a beta of 0.89.

Grab (NASDAQ:GRAB) last posted its earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Grab had a net margin of 15.97% and a return on equity of 8.83%. The firm had revenue of $997.00 million for the quarter, compared to the consensus estimate of $994.97 million. Sell-side analysts anticipate that Grab Holdings Limited will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Grab

In other Grab news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $3.64, for a total transaction of $109,200.00. Following the completion of the sale, the insider owned 3,988,735 shares of the company’s stock, valued at $14,518,995.40. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Charles Hungate sold 144,093 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $3.45, for a total value of $497,120.85. Following the sale, the chief operating officer directly owned 6,254,023 shares of the company’s stock, valued at $21,576,379.35. The trade was a 2.25% 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 1,618,093 shares of company stock worth $5,899,681 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

GRAB has been the subject of a number of analyst reports. Weiss Ratings cut Grab from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. JPMorgan Chase & Co. dropped their price objective on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Barclays dropped their price target on Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Mizuho reduced their price objective on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Grab currently has an average rating of “Moderate Buy” and a consensus price target of $6.01.

Grab 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.