200,000 Shares in Grab Holdings Limited $GRAB Purchased by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group Ltd. acquired a new position of 200,000 shares of Grab in Q3, worth about $1.204 million, while institutional investors now own roughly 55.52% of the company.
• Analysts have a mixed-to-positive view with a consensus rating of Moderate Buy (average target $6.37); several firms including Jefferies, Benchmark and Barclays have raised price targets to $7.00 and maintained Buy/Overweight calls.
• In its latest quarter Grab missed EPS expectations ($0.01 vs. $0.03) but revenue roughly matched estimates at $873 million; the shares trade near $5.08 with a $20.46 billion market cap and a 52-week range of $3.36–$6.62.

Stanley Laman Group Ltd. acquired a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 200,000 shares of the company's stock, valued at approximately $1,204,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. AlphaCore Capital LLC purchased a new position in shares of Grab in the 2nd quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd raised its holdings in Grab by 51.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company's stock worth $39,000 after purchasing an additional 2,634 shares in the last quarter. Prospera Financial Services Inc bought a new position in Grab in the second quarter worth $50,000. BSW Wealth Partners purchased a new position in Grab during the third quarter valued at $61,000. Finally, Savant Capital LLC bought a new stake in shares of Grab during the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Hsbc Global Res lowered shares of Grab from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a report on Wednesday, October 8th. Jefferies Financial Group reiterated a "buy" rating and set a $7.00 target price on shares of Grab in a report on Tuesday, November 4th. Benchmark boosted their price target on Grab from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Tuesday, November 4th. Finally, Barclays raised their price objective on Grab from $6.50 to $7.00 and gave the company an "overweight" rating in a research report on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Grab presently has a consensus rating of "Moderate Buy" and an average target price of $6.37.

Grab Trading Up 1.8%

NASDAQ:GRAB opened at $5.08 on Monday. The stock has a market cap of $20.46 billion, a price-to-earnings ratio of 127.03 and a beta of 0.90. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. The company's 50 day moving average price is $5.35 and its 200-day moving average price is $5.36. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.62.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). Grab had a return on equity of 1.91% and a net margin of 3.81%.The firm had revenue of $873.00 million during the quarter, compared to analysts' expectations of $870.44 million. On average, equities research analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Grab 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.

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