Two Sigma Securities LLC Increases Stake in Grab Holdings Limited $GRAB

Two Sigma Securities LLC lifted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 114.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 303,096 shares of the company’s stock after purchasing an additional 161,821 shares during the period. Two Sigma Securities LLC’s holdings in Grab were worth $1,143,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Grab by 6.4% in the second quarter. BlackRock Inc. now owns 156,175,807 shares of the company’s stock worth $588,783,000 after buying an additional 9,357,389 shares during the period. Invesco Ltd. boosted its holdings in Grab by 24.9% during the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock valued at $480,383,000 after acquiring an additional 15,916,063 shares during the period. Marshall Wace LLP grew its position in Grab by 49.2% during the 4th quarter. Marshall Wace LLP now owns 72,453,397 shares of the company’s stock worth $361,542,000 after acquiring an additional 23,891,108 shares during the last quarter. JPMorgan Chase & Co. grew its position in Grab by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 56,669,014 shares of the company’s stock worth $282,778,000 after acquiring an additional 878,966 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Grab by 58.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock worth $200,957,000 after purchasing an additional 20,152,535 shares during the period. 55.52% of the stock is owned by institutional investors.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $3.54 on Tuesday. The company has a market capitalization of $14.51 billion, a PE ratio of 59.01, a PEG ratio of 0.95 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51. The business has a fifty day moving average price of $3.63 and a 200-day moving average price of $3.72. Grab Holdings Limited has a 1-year low of $3.18 and a 1-year high of $6.62.

Grab (NASDAQ:GRAB) last announced its quarterly 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. The firm had revenue of $997.00 million for the quarter, compared to the consensus estimate of $994.97 million. Grab had a net margin of 15.97% and a return on equity of 8.83%. As a group, equities analysts expect that Grab Holdings Limited will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Chin Yin Ong sold 38,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $3.61, for a total value of $137,180.00. Following the sale, the insider owned 3,670,611 shares in the company, valued at approximately $13,250,905.71. The trade was a 1.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Charles Hungate sold 144,093 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $3.45, for a total value of $497,120.85. Following the transaction, the chief operating officer directly owned 6,254,023 shares in the company, valued at approximately $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. Insiders sold a total of 1,618,093 shares of company stock worth $5,899,681 in the last 90 days. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on GRAB. Mizuho dropped their price objective on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Barclays lowered their price target on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Benchmark reissued a “buy” rating on shares of Grab in a research report on Tuesday, August 4th. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Finally, China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $6.01.

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.