Janus Henderson Group PLC Acquires 307,399 Shares of Grab Holdings Limited $GRAB

Janus Henderson Group PLC lifted its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 50.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 922,797 shares of the company’s stock after buying an additional 307,399 shares during the period. Janus Henderson Group PLC’s holdings in Grab were worth $3,373,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Pitcairn Co. raised its stake in shares of Grab by 11.0% in the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after purchasing an additional 2,080 shares during the last quarter. Adalta Capital Management LLC raised its position in Grab by 2.2% during the 3rd quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock worth $607,000 after buying an additional 2,200 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Grab by 7.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock valued at $161,000 after acquiring an additional 2,300 shares during the period. Soros Fund Management LLC boosted its holdings in shares of Grab by 19.7% in the 2nd quarter. Soros Fund Management LLC now owns 14,677 shares of the company’s stock valued at $74,000 after acquiring an additional 2,419 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of Grab by 1.9% in the fourth quarter. Corient Private Wealth LLC now owns 129,144 shares of the company’s stock worth $643,000 after acquiring an additional 2,469 shares during the period. Institutional investors own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GRAB. Barclays decreased their target price on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating and issued a $6.25 price objective on shares of Grab in a report on Tuesday, June 30th. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday, May 6th. Benchmark reiterated a “buy” rating on shares of Grab in a research report on Tuesday. Finally, Mizuho lowered their price objective on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.01.

Insider Activity at Grab

In other news, insider Chin Yin Ong sold 48,000 shares of Grab stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total value of $170,400.00. Following the sale, the insider owned 3,781,306 shares in the company, valued at $13,423,636.30. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Alexander Charles Hungate sold 144,093 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $3.45, for a total transaction of $497,120.85. Following the sale, the chief operating officer directly owned 6,254,023 shares of the company’s stock, valued at $21,576,379.35. This represents a 2.25% 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. Over the last ninety days, insiders have sold 1,666,093 shares of company stock valued at $6,084,081. Insiders own 3.60% of the company’s stock.

Grab Stock Down 0.3%

Shares of GRAB opened at $3.66 on Friday. The firm has a market cap of $15.00 billion, a P/E ratio of 61.01, a PEG ratio of 0.91 and a beta of 0.89. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62. The stock’s 50 day moving average is $3.58 and its two-hundred day moving average is $3.82. The company has a current ratio of 1.52, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last announced its earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Grab had a return on equity of 8.83% and a net margin of 15.97%.The firm had revenue of $997.00 million for the quarter, compared to analyst estimates of $994.97 million. Analysts predict that Grab Holdings Limited will post 0.14 earnings per share for the current fiscal 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.