Grab Holdings Limited $GRAB Shares Purchased by Oaktree Capital Management LP

Oaktree Capital Management LP raised its position in Grab Holdings Limited (NASDAQ:GRAB) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,094,495 shares of the company’s stock after purchasing an additional 525,200 shares during the period. Grab comprises about 0.6% of Oaktree Capital Management LP’s investment portfolio, making the stock its 21st largest position. Oaktree Capital Management LP’s holdings in Grab were worth $72,809,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Knuff & Co LLC acquired a new position in shares of Grab in the third quarter valued at approximately $72,000. Quadrature Capital Ltd grew its stake in Grab by 102.3% in the 3rd quarter. Quadrature Capital Ltd now owns 1,664,748 shares of the company’s stock worth $10,005,000 after acquiring an additional 841,964 shares during the period. Invesco Ltd. grew its stake in Grab by 24.9% in the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock worth $480,383,000 after acquiring an additional 15,916,063 shares during the period. Mackenzie Financial Corp raised its holdings in Grab by 3.7% in the 3rd quarter. Mackenzie Financial Corp now owns 180,616 shares of the company’s stock valued at $1,087,000 after acquiring an additional 6,412 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Grab by 2,836.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,677,290 shares of the company’s stock valued at $22,137,000 after acquiring an additional 3,552,069 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GRAB shares. Sanford C. Bernstein restated an “outperform” rating and set a $5.80 price objective on shares of Grab in a report on Monday, January 26th. Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd. Benchmark restated a “buy” rating on shares of Grab in a report on Thursday, February 12th. Finally, HSBC raised shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective for the company in a research note on Friday, January 16th. One research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $6.47.

Grab Trading Up 0.7%

Grab stock traded up $0.03 during midday trading on Friday, reaching $3.78. The stock had a trading volume of 4,626,982 shares, compared to its average volume of 48,954,898. The stock’s 50-day simple moving average is $4.39 and its 200 day simple moving average is $5.14. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The stock has a market capitalization of $15.20 billion, a PE ratio of 125.88, a price-to-earnings-growth ratio of 0.87 and a beta of 0.93.

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