Mitsubishi UFJ Trust & Banking Corp Buys 296,256 Shares of Grab Holdings Limited $GRAB

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 17.0% during the second quarter, Holdings Channel.com reports. The firm owned 2,041,490 shares of the company’s stock after buying an additional 296,256 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Grab were worth $7,696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Grab in the 4th quarter worth approximately $25,000. Montag A & Associates Inc. bought a new position in Grab in the 1st quarter valued at $27,000. Parallel Advisors LLC boosted its position in Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after buying an additional 4,601 shares during the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Grab in the 4th quarter valued at $35,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Grab by 128.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company’s stock valued at $38,000 after buying an additional 4,225 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Price Performance

Shares of GRAB stock opened at $3.62 on Friday. The firm’s 50 day moving average price is $3.60 and its two-hundred day moving average price is $3.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 1.52. Grab Holdings Limited has a 52-week low of $3.18 and a 52-week high of $6.62. The stock has a market cap of $14.83 billion, a PE ratio of 60.34, a PEG ratio of 0.95 and a beta of 0.89.

Grab (NASDAQ:GRAB) last issued its earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $997.00 million during the quarter, compared to analysts’ expectations of $994.97 million. Grab had a net margin of 15.97% and a return on equity of 8.83%. As a group, analysts forecast that Grab Holdings Limited will post 0.13 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Zacks Research upgraded Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a research report on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating and set a $6.25 price objective on shares of Grab in a report on Tuesday, June 30th. Finally, Benchmark restated a “buy” rating on shares of Grab in a research report on Tuesday, August 4th. One investment 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.01.

Insider Buying and Selling at Grab

In other Grab news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $3.53, for a total value of $105,900.00. Following the transaction, the insider owned 4,065,430 shares of the company’s stock, valued at approximately $14,350,967.90. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 38,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $3.61, for a total value of $137,180.00. Following the completion of the transaction, the insider directly owned 3,670,611 shares in the company, valued at $13,250,905.71. The trade was a 1.02% 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. Insiders sold 1,586,093 shares of company stock valued at $5,780,881 over the last quarter. 3.60% of the stock is owned by corporate insiders.

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.