Headlands Technologies LLC Decreases Stock Holdings in Grab Holdings Limited $GRAB

Key Points

• Headlands Technologies cut its Grab stake by 93.8% in the second quarter, selling 535,188 shares and retaining 35,150 shares valued at approximately $133,000. Institutional investors collectively own 55.52% of Grab.
• Grab reported quarterly earnings of $0.06 per share, beating estimates by $0.01, while revenue of $997 million slightly exceeded expectations. Shares opened at $3.42, near the lower end of their 52-week range.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $6.01, although some analysts have reduced targets and Weiss Ratings downgraded the stock to “sell.”

Headlands Technologies LLC decreased its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 93.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,150 shares of the company's stock after selling 535,188 shares during the period. Headlands Technologies LLC's holdings in Grab were worth $133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GRAB. Integrated Wealth Concepts LLC raised its stake in Grab by 201.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company's stock valued at $160,000 after buying an additional 23,639 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Grab by 6.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company's stock valued at $41,817,000 after buying an additional 529,433 shares during the period. Empowered Funds LLC boosted its stake in shares of Grab by 6.2% in the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company's stock worth $239,000 after buying an additional 3,090 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Grab in the 1st quarter worth $63,000. Finally, Cetera Investment Advisers grew its holdings in shares of Grab by 11.7% in the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company's stock worth $537,000 after acquiring an additional 11,158 shares during the period. Institutional investors own 55.52% of the company's stock.

Insider Buying and Selling at Grab

In other Grab news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $3.64, for a total value of $109,200.00. Following the completion of the sale, the insider owned 3,988,735 shares in the company, valued at $14,518,995.40. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Hungate sold 145,349 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $3.48, for a total value of $505,814.52. Following the completion of the transaction, the chief operating officer directly owned 6,111,979 shares in the company, valued at $21,269,686.92. This trade represents a 2.32% decrease in their position. 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 have sold a total of 1,725,442 shares of company stock valued at $6,275,155 in the last ninety days. 3.60% of the stock is currently owned by company insiders.

Grab Stock Performance

Shares of GRAB stock opened at $3.42 on Friday. Grab Holdings Limited has a 1 year low of $3.18 and a 1 year high of $6.62. The firm has a fifty day moving average price of $3.62 and a 200-day moving average price of $3.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 57.01, a PEG ratio of 0.90 and a beta of 0.89.

Grab (NASDAQ:GRAB - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The company had revenue of $997.00 million for 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%. As a group, equities analysts predict that Grab Holdings Limited will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research upgraded Grab from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Benchmark reissued a "buy" rating on shares of Grab in a research report on Tuesday, August 4th. Barclays cut their price target on Grab from $7.00 to $5.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Morgan Stanley reaffirmed an "overweight" rating and set a $6.25 price target on shares of Grab in a research report on Tuesday, June 30th. Finally, Weiss Ratings cut shares of Grab from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $6.01.

Grab Company 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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