ASR Vermogensbeheer N.V. Makes New $1.90 Million Investment in Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in Grab Holdings Limited, purchasing 419,491 shares valued at approximately $1.899 million during the first quarter.
• Grab's stock has experienced a 1.4% decline recently, with shares trading at $4.88, while the company has a market capitalization of $19.65 billion.
• Grab Holdings reported earnings of $0.01 per share for the last quarter, meeting analysts' expectations, with revenue surpassing estimates at $819 million.

ASR Vermogensbeheer N.V. bought a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 419,491 shares of the company's stock, valued at approximately $1,899,000.

A number of other large investors also recently modified their holdings of GRAB. Uber Technologies Inc bought a new position in Grab during the 4th quarter valued at $2,529,462,000. Toyota Motor Corp purchased a new stake in Grab during the fourth quarter valued at about $1,052,117,000. BNP Paribas Financial Markets purchased a new stake in Grab during the fourth quarter valued at about $137,561,000. D. E. Shaw & Co. Inc. raised its holdings in Grab by 176,919.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,891,669 shares of the company's stock valued at $93,889,000 after acquiring an additional 19,880,432 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Grab by 111.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock valued at $162,306,000 after buying an additional 18,882,118 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $5.82.

Grab Stock Performance

Shares of NASDAQ:GRAB traded up $0.17 during midday trading on Tuesday, reaching $4.99. 23,510,953 shares of the company's stock traded hands, compared to its average volume of 36,760,355. The company has a market cap of $20.09 billion, a price-to-earnings ratio of 124.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. Grab Holdings Limited has a one year low of $3.08 and a one year high of $5.72. The stock has a 50 day moving average of $4.95 and a 200 day moving average of $4.74.

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