Grab Holdings Limited $GRAB Shares Sold by Aubrey Capital Management Ltd

Key Points

• Aubrey Capital Management reduced its Grab stake by 27.1% in the fourth quarter, selling 1,137,200 shares and leaving it with 3,052,058 shares worth about $15.2 million.
• Analyst sentiment remains constructive: China Renaissance and HSBC both upgraded Grab to buy, while the consensus rating is now Moderate Buy with a target price of $6.19.
• Grab reported a smaller-than-expected loss of $0.01 per share on $955 million in revenue, topping sales estimates even as earnings missed expectations.

Aubrey Capital Management Ltd cut its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,052,058 shares of the company's stock after selling 1,137,200 shares during the quarter. Grab makes up approximately 6.0% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 6th largest position. Aubrey Capital Management Ltd owned approximately 0.08% of Grab worth $15,229,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. raised its stake in shares of Grab by 24.9% during the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company's stock worth $480,383,000 after buying an additional 15,916,063 shares during the period. State Street Corp raised its stake in shares of Grab by 1.8% during the 2nd quarter. State Street Corp now owns 43,322,397 shares of the company's stock worth $217,912,000 after buying an additional 759,696 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Grab by 173.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,753,836 shares of the company's stock worth $173,422,000 after buying an additional 22,038,961 shares during the period. WFM ASIA BVI Ltd raised its stake in shares of Grab by 7.4% during the 3rd quarter. WFM ASIA BVI Ltd now owns 33,481,515 shares of the company's stock worth $201,559,000 after buying an additional 2,293,000 shares during the period. Finally, Citigroup Inc. raised its stake in shares of Grab by 112.6% during the 3rd quarter. Citigroup Inc. now owns 32,398,782 shares of the company's stock worth $195,041,000 after buying an additional 17,160,661 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. China Renaissance raised Grab from a "hold" rating to a "buy" rating and set a $5.00 target price for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on Grab from $5.90 to $5.80 and set an "overweight" rating for the company in a research note on Tuesday, May 5th. Sanford C. Bernstein reissued an "outperform" rating and issued a $5.80 price objective on shares of Grab in a research note on Monday, January 26th. Weiss Ratings raised Grab from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. 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 equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.19.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $3.72 on Monday. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $3.84 and a two-hundred day moving average of $4.60. The stock has a market cap of $15.24 billion, a P/E ratio of 372.37, a PEG ratio of 1.69 and a beta of 0.93. Grab Holdings Limited has a 52-week low of $3.48 and a 52-week high of $6.62.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The business had revenue of $955.00 million for the quarter, compared to analysts' expectations of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. On average, research analysts expect that Grab Holdings Limited will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Grab

In related news, CFO Peter Henry Oey sold 50,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $3.92, for a total transaction of $196,000.00. Following the completion of the transaction, the chief financial officer owned 7,050,165 shares of the company's stock, valued at approximately $27,636,646.80. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO John Pierantoni sold 14,819 shares of Grab stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $3.61, for a total transaction of $53,496.59. Following the completion of the sale, the chief accounting officer owned 569,376 shares of the company's stock, valued at $2,055,447.36. This trade represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 590,819 shares of company stock worth $2,193,077. Insiders own 3.60% of the company's stock.

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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