Groupe la Francaise Has $10.81 Million Stake in Grab Holdings Limited $GRAB

Groupe la Francaise lowered its stake in Grab Holdings Limited (NASDAQ:GRAB) by 31.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,866,215 shares of the company’s stock after selling 1,320,627 shares during the quarter. Groupe la Francaise’s holdings in Grab were worth $10,815,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GRAB. ANTIPODES PARTNERS Ltd acquired a new stake in Grab in the second quarter worth $10,119,000. Principal Financial Group Inc. raised its holdings in shares of Grab by 13.4% during the second quarter. Principal Financial Group Inc. now owns 24,289,581 shares of the company’s stock valued at $91,572,000 after purchasing an additional 2,867,458 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Grab by 17.0% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,041,490 shares of the company’s stock worth $7,696,000 after purchasing an additional 296,256 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Grab by 52.4% during the 4th quarter. DNB Asset Management AS now owns 2,949,398 shares of the company’s stock worth $14,717,000 after purchasing an additional 1,014,166 shares in the last quarter. Finally, WFM ASIA BVI Ltd grew its stake in shares of Grab by 12.5% in the 4th quarter. WFM ASIA BVI Ltd now owns 37,675,992 shares of the company’s stock valued at $188,003,000 after buying an additional 4,194,477 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $6.25 target price on shares of Grab in a research report on Tuesday, June 30th. Benchmark reiterated a “buy” rating on shares of Grab in a report on Tuesday, August 4th. Barclays reduced their price objective on Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Zacks Research upgraded Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings lowered Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.01.

Grab Stock Performance

Shares of GRAB stock opened at $3.42 on Monday. The company has a 50 day moving average of $3.62 and a 200-day moving average of $3.70. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12-month low of $3.18 and a 12-month high of $6.62. The firm has a market cap of $14.01 billion, a P/E ratio of 57.01, a PEG ratio of 0.90 and a beta of 0.89.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $997.00 million during the quarter, compared to analyst estimates of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. Sell-side analysts anticipate that Grab Holdings Limited will post 0.13 earnings per share for the current year.

Insider Activity at Grab

In related news, COO Alexander Hungate sold 145,349 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $3.48, for a total value of $505,814.52. Following the sale, the chief operating officer directly owned 6,111,979 shares in the company, valued at approximately $21,269,686.92. The trade was a 2.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $3.64, for a total transaction of $109,200.00. Following the transaction, 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 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 1,725,442 shares of company stock worth $6,275,155 in the last three months. Corporate 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.