Regal Partners Ltd Buys 515,153 Shares of Grab Holdings Limited $GRAB

Regal Partners Ltd grew its position in Grab Holdings Limited (NASDAQ:GRAB) by 240.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 729,615 shares of the company’s stock after purchasing an additional 515,153 shares during the period. Regal Partners Ltd’s holdings in Grab were worth $2,670,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in Grab by 201.2% in the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock valued at $160,000 after buying an additional 23,639 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 in the last quarter. Empowered Funds LLC increased its holdings in shares of 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 in the last quarter. Focus Partners Wealth bought a new position in shares of Grab in the first quarter valued at approximately $63,000. Finally, Cetera Investment Advisers raised its stake in shares of 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. Institutional investors own 55.52% of the company’s stock.

Grab Trading Up 3.0%

Shares of NASDAQ GRAB opened at $3.45 on Wednesday. Grab Holdings Limited has a 1-year low of $3.18 and a 1-year high of $6.62. The company has a 50-day moving average of $3.57 and a two-hundred day moving average of $3.87. The company has a market cap of $14.14 billion, a PE ratio of 345.35, a P/E/G ratio of 1.29 and a beta of 0.87. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). The company had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. As a group, equities analysts expect that Grab Holdings Limited will post 0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a report on Tuesday, May 5th. Zacks Research upgraded Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Barclays reduced their price objective on Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Finally, Morgan Stanley restated an “overweight” rating and issued a $6.25 target price on shares of Grab in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.01.

Insider Transactions at Grab

In other Grab news, CFO Peter Henry Oey sold 50,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $3.54, for a total value of $177,000.00. Following the transaction, the chief financial officer directly owned 7,000,165 shares in the company, valued at approximately $24,780,584.10. This trade represents a 0.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 48,000 shares of the 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 in the company, valued at $13,423,636.30. The trade was a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,666,093 shares of company stock worth $6,083,321 in the last quarter. 3.60% of the stock is owned by corporate insiders.

About Grab

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.