Tudor Investment Corp ET AL Purchases 700,130 Shares of Grab Holdings Limited $GRAB

Key Points

• Tudor Investment Corp ET AL raised its stake in Grab by 53% in Q3, purchasing 700,130 shares to hold 2,021,302 shares worth about $12.17 million (roughly 0.05% of the company).
• Grab reported quarterly EPS of $0.04 (beating estimates) but revenue of $906M (missing estimates); the stock trades near its 52-week low with a market cap of ~$14.6B, and analysts have an average Buy rating with a $6.47 target.

Tudor Investment Corp ET AL increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 53.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,021,302 shares of the company's stock after buying an additional 700,130 shares during the period. Tudor Investment Corp ET AL owned 0.05% of Grab worth $12,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaCore Capital LLC acquired a new position in Grab during the 2nd quarter worth $33,000. Advisory Services Network LLC acquired a new stake in shares of Grab in the third quarter valued at about $38,000. Larson Financial Group LLC grew its position in shares of Grab by 162,500.0% in the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company's stock valued at $39,000 after purchasing an additional 6,500 shares during the last quarter. Allworth Financial LP increased its stake in shares of Grab by 70.9% in the third quarter. Allworth Financial LP now owns 8,085 shares of the company's stock worth $49,000 after purchasing an additional 3,354 shares during the period. Finally, Savant Capital LLC bought a new position in shares of Grab in the second quarter worth about $51,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Down 3.3%

Shares of GRAB opened at $3.56 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The company has a 50-day simple moving average of $4.23 and a 200-day simple moving average of $5.09. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.62. The firm has a market capitalization of $14.59 billion, a P/E ratio of 118.71, a P/E/G ratio of 0.80 and a beta of 0.93.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $906.00 million for the quarter, compared to analyst estimates 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 expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GRAB. Sanford C. Bernstein restated an "outperform" rating and set a $5.80 target price on shares of Grab in a research note on Monday, January 26th. HSBC raised Grab from a "hold" rating to a "buy" rating and set a $6.20 price target on the stock in a research report on Friday, January 16th. Benchmark reiterated a "buy" rating on shares of Grab in a 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. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $6.47.

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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