Harbour Capital Advisors LLC Acquires New Stake in Grab Holdings Limited (NASDAQ:GRAB)

Harbour Capital Advisors LLC purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 85,625 shares of the company’s stock, valued at approximately $313,000.

Several other institutional investors also recently modified their holdings of GRAB. Miracle Mile Advisors LLC bought a new stake in Grab in the 1st quarter valued at about $32,000. Dorsey & Whitney Trust CO LLC acquired a new position in Grab in the 1st quarter valued at approximately $32,000. Callan Capital LLC acquired a new position in Grab in the 1st quarter valued at approximately $34,000. Sage Rhino Capital LLC acquired a new stake in shares of Grab during the second quarter worth $38,000. Finally, Lane & Associates LLC acquired a new stake in shares of Grab during the first quarter worth $39,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Up 3.0 %

Shares of GRAB opened at $3.73 on Friday. The stock has a market capitalization of $14.63 billion, a P/E ratio of -53.29 and a beta of 0.83. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $3.48 and a two-hundred day simple moving average of $3.48. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $3.88.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The business had revenue of $664.00 million during the quarter, compared to analysts’ expectations of $674.17 million. During the same quarter in the prior year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, research analysts anticipate that Grab Holdings Limited will post -0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GRAB shares. Mizuho began coverage on shares of Grab in a research note on Thursday, June 27th. They set an “outperform” rating and a $5.00 target price on the stock. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group lowered their price objective on shares of Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $4.71.

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.