Intellectus Partners LLC Decreases Stock Holdings in Grab Holdings Limited $GRAB

Intellectus Partners LLC trimmed its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,550 shares of the company’s stock after selling 16,000 shares during the quarter. Intellectus Partners LLC’s holdings in Grab were worth $621,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC lifted its stake in Grab by 63.6% in the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock worth $37,000 after purchasing an additional 3,199 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Grab by 51.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after buying an additional 2,634 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Grab during the 1st quarter valued at approximately $45,000. Westwood Holdings Group Inc. purchased a new stake in shares of Grab during the 1st quarter valued at approximately $51,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Grab during the 1st quarter valued at approximately $57,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Stock Up 1.0%

NASDAQ:GRAB opened at $6.07 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $5.80 and its two-hundred day moving average is $5.23. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.62. The stock has a market capitalization of $24.44 billion, a price-to-earnings ratio of 151.79 and a beta of 0.88.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, HSBC reaffirmed a “hold” rating and set a $6.20 price target on shares of Grab in a research report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Grab has an average rating of “Moderate Buy” and a consensus price target of $6.06.

Grab Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.