Stanley Laman Group Ltd. Purchases 160,000 Shares of Grab Holdings Limited $GRAB

Stanley Laman Group Ltd. raised its position in Grab Holdings Limited (NASDAQ:GRAB) by 80.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,000 shares of the company’s stock after purchasing an additional 160,000 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Grab were worth $1,796,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC bought a new position in Grab in the fourth quarter valued at about $67,000. Massachusetts Financial Services Co. MA raised its position in Grab by 98.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,478,218 shares of the company’s stock valued at $37,316,000 after purchasing an additional 3,711,860 shares during the last quarter. Fiduciary Alliance LLC raised its position in Grab by 54.8% in the fourth quarter. Fiduciary Alliance LLC now owns 536,451 shares of the company’s stock valued at $2,677,000 after purchasing an additional 189,943 shares during the last quarter. Rathbones Group PLC raised its position in Grab by 38.0% in the fourth quarter. Rathbones Group PLC now owns 18,444 shares of the company’s stock valued at $92,000 after purchasing an additional 5,080 shares during the last quarter. Finally, Trueblood Wealth Management LLC raised its position in Grab by 102.2% in the fourth quarter. Trueblood Wealth Management LLC now owns 40,430 shares of the company’s stock valued at $202,000 after purchasing an additional 20,430 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on GRAB. Benchmark reiterated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. Sanford C. Bernstein restated an “outperform” rating and set a $5.80 price objective on shares of Grab in a research report on Monday, January 26th. Weiss Ratings restated 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 objective for the company in a research report on Friday, January 16th. Finally, Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $6.47.

Grab Price Performance

Shares of GRAB opened at $3.68 on Monday. Grab Holdings Limited has a 1 year low of $3.48 and a 1 year high of $6.62. 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 company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 122.71, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99. The business has a 50-day moving average of $3.96 and a 200-day moving average of $4.86.

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

Insider Buying and Selling

In other Grab news, CAO John Pierantoni sold 14,819 shares of Grab 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 directly 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. The sale was disclosed in a document filed with the SEC, which can be accessed 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 value of $137,560.00. Following the completion of the sale, the insider owned 2,116,051 shares of the company’s stock, valued at approximately $7,660,104.62. The trade was a 1.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company’s stock.

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.