Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd decreased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 46.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 514,089 shares of the company’s stock after selling 439,846 shares during the quarter. Vinva Investment Management Ltd’s holdings in Grab were worth $1,979,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Grab by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 7,505,636 shares of the company’s stock valued at $23,568,000 after acquiring an additional 166,063 shares during the period. Advisors Asset Management Inc. lifted its position in Grab by 32.2% during the first quarter. Advisors Asset Management Inc. now owns 29,739 shares of the company’s stock valued at $93,000 after purchasing an additional 7,239 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Grab by 20.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,983 shares of the company’s stock valued at $1,147,000 after purchasing an additional 61,183 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Grab by 5.3% in the first quarter. California State Teachers Retirement System now owns 2,449,429 shares of the company’s stock valued at $7,691,000 after purchasing an additional 122,890 shares during the last quarter. Finally, DNB Asset Management AS grew its position in Grab by 87.6% during the 2nd quarter. DNB Asset Management AS now owns 515,020 shares of the company’s stock worth $1,828,000 after purchasing an additional 240,482 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Down 3.5 %

Shares of NASDAQ GRAB opened at $5.00 on Friday. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of -250.00 and a beta of 0.81. The company’s 50-day simple moving average is $4.22 and its 200-day simple moving average is $3.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 52-week low of $2.90 and a 52-week high of $5.72.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The company had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $705.40 million. During the same period in the previous year, the firm posted ($0.02) EPS. Equities analysts predict that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Daiwa Capital Markets began coverage on Grab in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 target price on the stock. China Renaissance lowered Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective on the stock. in a research report on Thursday, November 21st. Evercore ISI lifted their target price on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays increased their price target on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Mizuho lifted their price objective on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.42.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.