Arrowpoint Investment Partners Singapore Pte. Ltd. Purchases Shares of 222,000 Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• Arrowpoint Investment Partners has acquired a new stake in Grab Holdings Limited, purchasing 222,000 shares valued at approximately $1,006,000 during the first quarter.
• Institutional investors and hedge funds collectively own 55.52% of Grab's stock, demonstrating significant interest in the company.
• JPMorgan Chase & Co. has reduced Grab's price objective from $5.60 to $5.30, maintaining an "overweight" rating, while the average consensus target price is currently $5.82.

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 222,000 shares of the company's stock, valued at approximately $1,006,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Garde Capital Inc. purchased a new position in shares of Grab in the 1st quarter valued at approximately $29,000. J2 Capital Management Inc bought a new position in Grab during the 1st quarter valued at approximately $45,000. Proficio Capital Partners LLC bought a new position in Grab during the 1st quarter valued at approximately $45,000. Intelligence Driven Advisers LLC bought a new position in Grab during the 1st quarter valued at approximately $48,000. Finally, Perigon Wealth Management LLC bought a new position in Grab during the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Price Performance

Shares of Grab stock remained flat at $5.13 on Friday. The company's stock had a trading volume of 17,267,157 shares, compared to its average volume of 36,527,406. The company has a market cap of $20.66 billion, a P/E ratio of 128.28 and a beta of 0.84. The company's 50 day moving average price is $4.95 and its two-hundred day moving average price is $4.75. Grab Holdings Limited has a twelve month low of $3.12 and a twelve month high of $5.72. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%. The business had revenue of $819.00 million during the quarter, compared to analyst estimates of $809.41 million. As a group, research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab 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.