Matthews International Capital Management LLC Has $11.81 Million Holdings in Grab Holdings Limited $GRAB

Key Points

• Matthews International trimmed its stake in Grab by 24% in Q4, selling 748,562 shares and now holds 2,367,470 shares worth about $11.81 million, making it the firm's 10th-largest position (≈0.06% of Grab).
• Company insiders were net sellers last quarter, disposing of 552,819 shares worth roughly $2.06 million (including CAO and CFO sales), leaving insiders with about 3.6% ownership.
• Analysts are mixed but generally positive: Grab has a consensus rating of Moderate Buy with an average price target of $6.56, though JPMorgan recently cut its target to $5.90 while several firms maintain buy/outperform views.

Matthews International Capital Management LLC trimmed its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,367,470 shares of the company's stock after selling 748,562 shares during the quarter. Grab accounts for 3.6% of Matthews International Capital Management LLC's holdings, making the stock its 10th biggest position. Matthews International Capital Management LLC owned approximately 0.06% of Grab worth $11,814,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GRAB. Signaturefd LLC increased its stake in Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company's stock worth $32,000 after purchasing an additional 2,543 shares in the last quarter. Advisory Services Network LLC acquired a new position in Grab during the 3rd quarter worth approximately $38,000. Larson Financial Group LLC boosted its position in Grab by 162,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company's stock worth $39,000 after acquiring an additional 6,500 shares during the last quarter. Allworth Financial LP boosted its position in Grab by 70.9% during the 3rd quarter. Allworth Financial LP now owns 8,085 shares of the company's stock worth $49,000 after acquiring an additional 3,354 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new position in Grab during the 2nd quarter worth approximately $54,000. 55.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GRAB shares. JPMorgan Chase & Co. reduced their price target on Grab from $6.10 to $5.90 and set an "overweight" rating for the company in a research report on Monday, April 20th. Benchmark reaffirmed a "buy" rating on shares of Grab in a research report on Thursday, February 12th. Wall Street Zen raised Grab from a "sell" rating to a "hold" rating in a research report on Friday, January 23rd. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $5.80 price target on shares of Grab in a research report on Monday, January 26th. Finally, Weiss Ratings downgraded Grab from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Grab currently has a consensus rating of "Moderate Buy" and an average price target of $6.56.

Grab Trading Down 1.5%

NASDAQ GRAB opened at $3.90 on Friday. The company has a market cap of $15.98 billion, a PE ratio of 130.04, a PEG ratio of 0.97 and a beta of 0.99. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12 month low of $3.48 and a 12 month high of $6.62. The stock has a 50 day moving average of $3.91 and a 200-day moving average of $4.73.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $906.00 million during the quarter, compared to the consensus estimate of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. On average, equities research analysts anticipate that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO John Pierantoni sold 14,819 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was 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 of the company's stock, valued at approximately $2,055,447.36. This represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $196,000.00. Following the completion of the sale, the chief financial officer directly owned 7,050,165 shares of the company's stock, valued at approximately $27,636,646.80. The trade was a 0.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 552,819 shares of company stock worth $2,056,657 in the last quarter. 3.60% of the stock is owned by company insiders.

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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