Grab Holdings Limited $GRAB is Coronation Fund Managers Ltd.'s 6th Largest Position

Key Points

• Coronation Fund Managers reduced its stake in Grab by 24.4% in Q4, selling 6,033,351 shares and now owning 18,682,302 shares — about $93.2M in value, equal to ~0.46% of Grab and making it Coronation’s 6th-largest holding (4.2% of the fund).
• Insiders sold 552,819 shares worth roughly $2.06M over the past three months (including named sales by Philipp Kandal and Chin Yin Ong), with transactions executed under pre-arranged Rule 10b5-1 plans.
• Analysts are mixed but leaning positive with a consensus rating of “Moderate Buy” and an average price target of $6.56, despite recent divergent notes (JPMorgan cut its target to $5.90, HSBC upgraded to Buy at $6.20, Weiss downgraded to Sell).

Coronation Fund Managers Ltd. lessened its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 24.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,682,302 shares of the company's stock after selling 6,033,351 shares during the quarter. Grab comprises 4.2% of Coronation Fund Managers Ltd.'s portfolio, making the stock its 6th biggest holding. Coronation Fund Managers Ltd. owned approximately 0.46% of Grab worth $93,225,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GRAB. Signaturefd LLC grew its holdings in Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company's stock valued at $32,000 after buying an additional 2,543 shares in the last quarter. Advisory Services Network LLC purchased a new position in Grab during the 3rd quarter valued at approximately $38,000. Larson Financial Group LLC grew its holdings in Grab by 162,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company's stock valued at $39,000 after buying an additional 6,500 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Grab by 70.9% in the 3rd quarter. Allworth Financial LP now owns 8,085 shares of the company's stock valued at $49,000 after purchasing an additional 3,354 shares during the last quarter. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of Grab in the 2nd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GRAB shares. JPMorgan Chase & Co. lowered their price objective on Grab from $6.10 to $5.90 and set an "overweight" rating for the company in a research note on Monday, April 20th. Benchmark reaffirmed a "buy" rating on shares of Grab in a research note on Thursday, February 12th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $5.80 price objective on shares of Grab in a research note on Monday, January 26th. Weiss Ratings lowered Grab from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday. Finally, HSBC raised Grab from a "hold" rating to a "buy" rating and set a $6.20 price objective for the company in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $6.56.

Insider Activity at Grab

In other Grab news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $3.92, for a total transaction of $117,600.00. Following the transaction, the insider directly owned 4,145,430 shares in the company, valued at $16,250,085.60. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 38,000 shares of the firm's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.62, for a total value of $137,560.00. Following the transaction, the insider owned 2,116,051 shares in the company, valued at $7,660,104.62. The trade was a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 552,819 shares of company stock worth $2,056,657 over the last three months. Corporate insiders own 3.60% of the company's stock.

Grab Price Performance

Shares of GRAB stock opened at $3.90 on Friday. Grab Holdings Limited has a 52-week low of $3.48 and a 52-week high of $6.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The firm has a market capitalization of $15.98 billion, a P/E ratio of 130.04, a P/E/G ratio of 0.97 and a beta of 0.99. The stock has a 50 day moving average price of $3.91 and a 200 day moving average price of $4.73.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. The firm had revenue of $906.00 million during the quarter, compared to analyst estimates of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. As a group, sell-side analysts predict that Grab Holdings Limited will post 0.08 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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