Grab Holdings Limited $GRAB Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 49.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,640,032 shares of the company’s stock after purchasing an additional 1,531,017 shares during the period. SG Americas Securities LLC owned 0.12% of Grab worth $23,154,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC boosted its holdings in shares of Grab by 201.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock valued at $160,000 after purchasing an additional 23,639 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Grab by 6.1% during the 1st 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 raised its position in shares of Grab by 6.2% in the 1st 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 period. Focus Partners Wealth purchased a new position in shares of Grab in the 1st quarter worth $63,000. Finally, Cetera Investment Advisers boosted its holdings in Grab by 11.7% in the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock valued at $537,000 after acquiring an additional 11,158 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Insider Activity at Grab

In other news, CAO John Pierantoni sold 14,819 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $3.61, for a total value of $53,496.59. Following the completion of the transaction, the chief accounting officer directly owned 569,376 shares in the company, valued at approximately $2,055,447.36. This represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.60% of the company’s stock.

Grab Price Performance

GRAB stock opened at $3.71 on Friday. The firm has a market cap of $15.20 billion, a P/E ratio of 123.71, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. Grab Holdings Limited has a 1 year low of $3.36 and a 1 year high of $6.62. The stock has a 50-day simple moving average of $4.15 and a 200-day simple moving average of $5.05.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Grab had a return on equity of 4.09% and a net margin of 7.92%.The firm had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $942.08 million. On average, equities analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GRAB shares. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research note on Monday, January 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research report on Friday, January 16th. Finally, Benchmark restated a “buy” rating on shares of Grab in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $6.47.

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.