BNP Paribas Financial Markets Sells 2,181,095 Shares of Grab Holdings Limited $GRAB

BNP Paribas Financial Markets trimmed its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,527,453 shares of the company’s stock after selling 2,181,095 shares during the quarter. BNP Paribas Financial Markets’ holdings in Grab were worth $92,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GRAB. Integrated Wealth Concepts LLC grew its stake in Grab by 201.2% during the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock worth $160,000 after buying an additional 23,639 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Grab by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock worth $41,817,000 after buying an additional 529,433 shares during the last quarter. Empowered Funds LLC grew its stake in Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after buying an additional 3,090 shares during the last quarter. Focus Partners Wealth bought a new stake in Grab during the first quarter worth about $63,000. Finally, Cetera Investment Advisers grew its stake in Grab by 11.7% during the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock worth $537,000 after buying an additional 11,158 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

Insider Activity at Grab

In related news, insider Chin Yin Ong sold 48,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total value of $170,400.00. Following the completion of the transaction, the insider owned 3,781,306 shares of the company’s stock, valued at approximately $13,423,636.30. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $3.67, for a total transaction of $1,468,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,193 shares of the company’s stock, valued at approximately $92,458.31. This trade represents a 94.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,118,819 shares of company stock valued at $4,114,677. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GRAB shares. Zacks Research cut shares of Grab from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Thursday, February 12th. JPMorgan Chase & Co. decreased their price objective on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Finally, Morgan Stanley set a $5.90 target price on shares of Grab in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.19.

Grab Trading Up 2.0%

GRAB opened at $3.61 on Tuesday. The firm’s fifty day moving average is $3.71 and its two-hundred day moving average is $4.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. The firm has a market cap of $14.79 billion, a PE ratio of 361.36, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. Grab Holdings Limited has a twelve month low of $3.39 and a twelve month high of $6.62.

Grab (NASDAQ:GRAB) last posted its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $955.00 million during the quarter, compared to analyst estimates of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. Equities research analysts anticipate that Grab Holdings Limited will post 0.08 EPS for the current year.

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.