Vinva Investment Management Ltd Has $11.30 Million Stock Position in Grab Holdings Limited $GRAB

Vinva Investment Management Ltd increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 9.0% in the third quarter, HoldingsChannel reports. The firm owned 1,832,989 shares of the company’s stock after buying an additional 151,757 shares during the period. Vinva Investment Management Ltd’s holdings in Grab were worth $11,296,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AlphaCore Capital LLC bought a new stake in Grab in the 2nd quarter valued at $33,000. Prospera Financial Services Inc bought a new position in Grab during the 2nd quarter worth $50,000. Savant Capital LLC acquired a new stake in shares of Grab during the second quarter worth $51,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Grab during the second quarter worth $54,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Grab by 98.9% in the second quarter. EverSource Wealth Advisors LLC now owns 11,797 shares of the company’s stock valued at $59,000 after acquiring an additional 5,866 shares during the period. Institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

GRAB has been the topic of several research reports. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 price target on the stock in a research note on Friday, January 16th. Barclays boosted their price objective on shares of Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Wall Street Zen upgraded shares of Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Finally, Benchmark reiterated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $6.47.

Grab Trading Down 1.1%

GRAB opened at $3.99 on Monday. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 132.88, a P/E/G ratio of 0.89 and a beta of 0.93. 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 twelve month low of $3.36 and a twelve month high of $6.62. The company has a 50-day simple moving average of $4.48 and a 200 day simple moving average of $5.18.

Grab (NASDAQ:GRAB) last released its earnings results on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $906.00 million for the quarter, compared to analyst estimates of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. Analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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.