Jennison Associates LLC Takes Position in Grab Holdings Limited $GRAB

Key Points

• Jennison Associates LLC acquired a new stake of 3,791,286 shares in Grab during Q4, valued at about $18.92 million and representing roughly 0.09% of the company.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $6.56, while Grab trades near $3.67 (market cap ≈ $15.0B), suggesting notable upside to the consensus target.
• Insiders sold 552,819 shares worth $2.06 million in the past three months; company insiders now own about 3.60% of Grab's stock.

Jennison Associates LLC acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,791,286 shares of the company's stock, valued at approximately $18,919,000. Jennison Associates LLC owned about 0.09% of Grab at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Grab by 66.5% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,770,976 shares of the company's stock valued at $64,782,000 after buying an additional 4,302,224 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Grab by 83.3% in the third quarter. Allianz Asset Management GmbH now owns 967,530 shares of the company's stock valued at $5,825,000 after buying an additional 439,748 shares in the last quarter. Nordea Investment Management AB increased its holdings in Grab by 15.7% in the third quarter. Nordea Investment Management AB now owns 19,886,007 shares of the company's stock valued at $120,509,000 after buying an additional 2,695,472 shares in the last quarter. Stanley Laman Group Ltd. purchased a new position in Grab in the third quarter valued at about $1,204,000. Finally, Mediolanum International Funds Ltd increased its holdings in Grab by 131.5% in the third quarter. Mediolanum International Funds Ltd now owns 1,697,761 shares of the company's stock valued at $10,373,000 after buying an additional 964,475 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Benchmark reaffirmed a "buy" rating on shares of Grab in a report on Thursday, February 12th. Sanford C. Bernstein reissued an "outperform" rating and set a $5.80 price objective on shares of Grab in a research note on Monday, January 26th. JPMorgan Chase & Co. dropped their price objective on shares of Grab from $6.10 to $5.90 and set an "overweight" rating for the company in a research note on Monday, April 20th. HSBC raised shares of 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. Finally, Wall Street Zen raised shares of Grab from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Grab currently has an average rating of "Moderate Buy" and a consensus price target of $6.56.

Grab Trading Down 3.9%

Shares of GRAB opened at $3.67 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.73. The firm has a 50 day simple moving average of $3.87 and a 200-day simple moving average of $4.65. Grab Holdings Limited has a 1-year low of $3.48 and a 1-year high of $6.62. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 122.37, a price-to-earnings-growth ratio of 0.90 and a beta of 0.93.

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

Insider Transactions at Grab

In other Grab news, 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 value of $53,496.59. Following the completion of the sale, the chief accounting officer directly owned 569,376 shares of the company's stock, valued at approximately $2,055,447.36. The trade was a 2.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chin Yin Ong sold 38,000 shares of Grab stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.62, for a total transaction of $137,560.00. Following the completion of the sale, the insider directly owned 2,116,051 shares of the company's stock, 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 552,819 shares of company stock worth $2,056,657 in the last three months. 3.60% of the stock is currently owned by company insiders.

About Grab

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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