Ashoka WhiteOak Capital Pte Ltd Has $4.74 Million Holdings in Grab Holdings Limited $GRAB

Key Points

• Ashoka WhiteOak Capital increased its Grab holdings by 61.1% in the second quarter, acquiring 481,000 additional shares. Its position totaled 1.27 million shares valued at approximately $4.74 million, representing 1.1% of its portfolio.
• Analysts maintain a generally positive outlook, with Grab receiving a “Moderate Buy” consensus rating and an average price target of $6.01. Recent ratings include multiple Buy or Overweight recommendations, despite some target-price reductions.
• Grab exceeded quarterly expectations, reporting adjusted earnings of $0.06 per share versus the $0.05 consensus and revenue of $997 million. However, insiders sold approximately 1.59 million shares worth $5.78 million over the past quarter.

Ashoka WhiteOak Capital Pte Ltd increased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 61.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,268,010 shares of the company's stock after purchasing an additional 481,000 shares during the period. Grab makes up 1.1% of Ashoka WhiteOak Capital Pte Ltd's investment portfolio, making the stock its 14th biggest holding. Ashoka WhiteOak Capital Pte Ltd's holdings in Grab were worth $4,742,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Grab in the 4th quarter valued at approximately $25,000. Montag A & Associates Inc. bought a new position in shares of Grab in the first quarter valued at approximately $27,000. Parallel Advisors LLC raised its position in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock valued at $30,000 after purchasing an additional 4,601 shares during the period. Advocate Investing Services LLC acquired a new stake in shares of Grab in the fourth quarter worth $35,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Grab by 128.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company's stock worth $38,000 after buying an additional 4,225 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Grab in a report on Monday, August 3rd. Zacks Research upgraded shares of Grab from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Mizuho cut their target price on shares of Grab from $7.00 to $6.00 and set an "outperform" rating for the company in a research report on Tuesday, May 5th. China Renaissance upgraded shares of Grab from a "hold" rating to a "buy" rating and set a $5.00 price target for the company in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price target on Grab from $5.90 to $5.80 and set an "overweight" rating on the stock in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $6.01.

Insiders Place Their Bets

In other news, CFO Peter Henry Oey sold 50,000 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $3.53, for a total value of $176,500.00. Following the sale, the chief financial officer owned 6,950,165 shares in the company, valued at approximately $24,534,082.45. The trade was a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Charles Hungate sold 144,093 shares of the company's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $3.45, for a total transaction of $497,120.85. Following the completion of the sale, the chief operating officer directly owned 6,254,023 shares in the company, valued at approximately $21,576,379.35. The trade was a 2.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,586,093 shares of company stock worth $5,780,881 over the last quarter. Corporate insiders own 3.60% of the company's stock.

Grab Price Performance

GRAB stock opened at $3.62 on Monday. Grab Holdings Limited has a twelve month low of $3.18 and a twelve month high of $6.62. The company has a market cap of $14.83 billion, a PE ratio of 60.34, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The business's 50-day simple moving average is $3.60 and its 200 day simple moving average is $3.78. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $997.00 million during the quarter, compared to analysts' expectations of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. On average, research analysts anticipate that Grab Holdings Limited will post 0.13 earnings per share for the current 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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