Oaktree Capital Management LP Acquires 1,293,300 Shares of Grab Holdings Limited $GRAB

Oaktree Capital Management LP raised its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,569,295 shares of the company’s stock after acquiring an additional 1,293,300 shares during the period. Grab makes up 1.0% of Oaktree Capital Management LP’s investment portfolio, making the stock its 21st largest position. Oaktree Capital Management LP owned about 0.29% of Grab worth $58,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers lifted its position in Grab by 40.7% during the first quarter. Cetera Investment Advisers now owns 95,552 shares of the company’s stock valued at $433,000 after purchasing an additional 27,632 shares during the last quarter. US Bancorp DE raised its position in shares of Grab by 11.3% during the 1st quarter. US Bancorp DE now owns 365,869 shares of the company’s stock valued at $1,657,000 after buying an additional 37,291 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Grab during the 1st quarter worth $51,000. Vanguard Group Inc. lifted its holdings in shares of Grab by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 8,181,456 shares of the company’s stock worth $37,062,000 after acquiring an additional 583,864 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in Grab in the first quarter worth $1,914,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Trading Up 0.6%

NASDAQ GRAB opened at $5.30 on Friday. The stock has a market cap of $21.34 billion, a P/E ratio of 132.53 and a beta of 0.89. Grab Holdings Limited has a fifty-two week low of $3.36 and a fifty-two week high of $6.62. The stock has a 50 day simple moving average of $5.72 and a two-hundred day simple moving average of $5.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). Grab had a return on equity of 1.91% and a net margin of 3.81%.The company had revenue of $873.00 million during the quarter, compared to the consensus estimate of $870.44 million. On average, analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $7.00 price target on shares of Grab in a research note on Tuesday, November 4th. HSBC reissued a “hold” rating and set a $6.20 price objective on shares of Grab in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a research note on Wednesday, October 8th. Benchmark increased their price target on shares of Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Grab has a consensus rating of “Moderate Buy” and an average price target of $6.37.

Grab Company 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.