Janus Henderson Group PLC Increases Stake in Grab Holdings Limited $GRAB

Key Points

• Janus Henderson Group increased its Grab stake by 50% in the first quarter, adding 307,399 shares to hold 922,797 shares worth approximately $3.37 million. Institutional investors collectively own 55.52% of Grab.
• Analyst sentiment is generally positive, with Grab carrying a “Moderate Buy” consensus rating and an average price target of $6.01. Recent ratings included upgrades from Zacks Research and China Renaissance, though Mizuho lowered its target to $6.00.
• Grab beat quarterly expectations, reporting $0.06 in EPS versus the $0.05 consensus and revenue of $997 million. Shares opened at $3.66, while insiders have sold about 1.67 million shares worth $6.08 million over the past 90 days.

Janus Henderson Group PLC grew its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 50.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 922,797 shares of the company's stock after acquiring an additional 307,399 shares during the period. Janus Henderson Group PLC's holdings in Grab were worth $3,373,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Grab in the 4th quarter worth $25,000. Montag A & Associates Inc. bought a new stake in Grab during the first quarter valued at about $27,000. Parallel Advisors LLC increased its position in Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock worth $30,000 after buying an additional 4,601 shares in the last quarter. Signaturefd LLC raised its stake in shares of Grab by 64.6% in the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company's stock worth $32,000 after buying an additional 2,543 shares during the period. Finally, Advocate Investing Services LLC purchased a new position in shares of Grab during the 4th quarter valued at about $35,000. Institutional investors own 55.52% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GRAB. Zacks Research upgraded Grab from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. China Renaissance raised shares of Grab from a "hold" rating to a "buy" rating and set a $5.00 price target on the stock in a report on Wednesday, May 6th. Mizuho dropped their price target 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. Weiss Ratings reissued a "hold (c-)" rating on shares of Grab in a research note on Monday. Finally, Benchmark restated a "buy" rating on shares of Grab in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Grab presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.01.

Insiders Place Their Bets

In other Grab news, insider Chin Yin Ong sold 38,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $3.61, for a total transaction of $137,180.00. Following the completion of the transaction, the insider owned 3,670,611 shares of the company's stock, valued at $13,250,905.71. This represents a 1.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $3.53, for a total value of $176,500.00. Following the transaction, the chief financial officer owned 6,950,165 shares of the company's stock, valued at approximately $24,534,082.45. The trade was a 0.71% 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. Over the last 90 days, insiders have sold 1,666,093 shares of company stock worth $6,084,081. 3.60% of the stock is owned by corporate insiders.

Grab Trading Down 0.3%

GRAB stock opened at $3.66 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.65. Grab Holdings Limited has a 1-year low of $3.18 and a 1-year high of $6.62. The business has a 50 day simple moving average of $3.58 and a two-hundred day simple moving average of $3.82. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 61.01, a PEG ratio of 0.91 and a beta of 0.89.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Grab had a net margin of 15.97% and a return on equity of 8.83%. The firm had revenue of $997.00 million for the quarter, compared to analysts' expectations of $994.97 million. Research analysts anticipate that Grab Holdings Limited will post 0.14 EPS for the current fiscal year.

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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