Massachusetts Financial Services Co. MA Acquires 3,711,860 Shares of Grab Holdings Limited $GRAB

Key Points

• Massachusetts Financial Services Co. MA increased its stake in Grab by 98.6% in Q4, buying 3,711,860 shares to hold 7,478,218 shares (about 0.19% of the company) valued at roughly $37.3 million.
• Institutional investors own 55.52% of Grab and several large funds (OCBC, Nordea, Allianz) also boosted positions, while insiders sold 452,819 shares in the past 90 days; analysts hold a consensus Buy rating with a $6.47 target.

Massachusetts Financial Services Co. MA grew its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 98.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,478,218 shares of the company's stock after purchasing an additional 3,711,860 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.19% of Grab worth $37,316,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of 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 purchasing an additional 4,302,224 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Grab by 83.3% during the third quarter. Allianz Asset Management GmbH now owns 967,530 shares of the company's stock valued at $5,825,000 after purchasing an additional 439,748 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Grab by 15.7% during the third quarter. Nordea Investment Management AB now owns 19,886,007 shares of the company's stock valued at $120,509,000 after purchasing an additional 2,695,472 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in shares of Grab during the third quarter valued at about $1,204,000. Finally, Mediolanum International Funds Ltd lifted its position in shares of Grab by 131.5% during the third quarter. Mediolanum International Funds Ltd now owns 1,697,761 shares of the company's stock valued at $10,373,000 after purchasing an additional 964,475 shares in the last quarter. Institutional investors own 55.52% of the company's stock.

Insider Buying and Selling at Grab

In other Grab news, insider Chin Yin Ong sold 38,000 shares of the business'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 sale, the insider directly 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO John Pierantoni sold 14,819 shares of the business's stock in a transaction 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 owned 569,376 shares in the company, valued at approximately $2,055,447.36. The trade was a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 452,819 shares of company stock worth $1,663,057 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Grab Stock Performance

Shares of GRAB stock opened at $3.82 on Wednesday. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 127.38, a P/E/G ratio of 0.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. Grab Holdings Limited has a 52 week low of $3.48 and a 52 week high of $6.62. The firm's 50-day simple moving average is $3.94 and its two-hundred day simple moving average is $4.82.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $906.00 million for the quarter, compared to analyst estimates of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. As a group, equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GRAB. Weiss Ratings reissued a "hold (c-)" rating on shares of Grab in a research report on Thursday, January 22nd. HSBC upgraded Grab from a "hold" rating to a "buy" rating and set a $6.20 price target on the stock in a report on Friday, January 16th. Benchmark reiterated a "buy" rating on shares of Grab in a report on Thursday, February 12th. Sanford C. Bernstein reiterated an "outperform" rating and set a $5.80 price target on shares of Grab in a report on Monday, January 26th. Finally, Wall Street Zen upgraded Grab from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Grab has a consensus rating of "Buy" and a consensus target price of $6.47.

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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