The Manufacturers Life Insurance Company decreased its position in shares of Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 55.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,332,071 shares of the company’s stock after selling 6,516,584 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.13% of Grab worth $20,102,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Grab in the 4th quarter worth about $25,000. Parallel Advisors LLC boosted its stake in shares of Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after purchasing an additional 4,601 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Grab during the third quarter valued at about $38,000. Larson Financial Group LLC grew its holdings in shares of Grab by 162,500.0% during the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Advocate Investing Services LLC bought a new stake in shares of Grab during the fourth quarter worth about $35,000. Institutional investors own 55.52% of the company’s stock.
Key Headlines Impacting Grab
Here are the key news stories impacting Grab this week:
- Positive Sentiment: Traders purchased a large volume of GRAB call options, while overall options activity was unusually high. This may reflect speculative expectations for a rebound or a catalyst, although options flow does not guarantee a fundamental improvement. Traders Buy Large Volume of Call Options on Grab
- Positive Sentiment: Grab is reportedly in talks to acquire Singapore-based buy-now-pay-later provider Atome Financial, potentially at a valuation above $2 billion. The deal could expand Grab’s financial-services ecosystem and strengthen its consumer-credit business if executed effectively. Grab Is Said in Talks to Buy SoftBank-Backed Fintech Firm Atome
- Positive Sentiment: Grab and taxi operators in Iloilo, Philippines, expanded access to electric-vehicle ride-hailing. The initiative supports Grab’s sustainability efforts and could broaden its vehicle and driver network over time. Grab, Iloilo Taxi Operators Expand Access to EV Ride-Hailing
- Neutral Sentiment: Grab became one of the most heavily searched stocks on Zacks, indicating elevated investor interest but not necessarily a change in earnings prospects or valuation. Investors Heavily Search Grab Holdings
- Negative Sentiment: Grab reportedly faces a planned two-day boycott by drivers in Vietnam over commission fees and falling earnings. Disruptions could weigh on rides, driver availability, revenue, and platform sentiment. Vietnam Grab Drivers Plan Weekend Boycott
- Negative Sentiment: Grab reached a new one-year low following reports of insider selling, adding to investor concerns about confidence among company insiders. Grab Hits New One-Year Low After Insider Selling
- Negative Sentiment: Reports of the potential Atome acquisition have also pressured the stock because investors may be concerned about the transaction’s size, financing, integration risks, and exposure to consumer credit. Grab Holdings Slips on Atome Acquisition Reports
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on GRAB
Grab Price Performance
Shares of GRAB opened at $3.05 on Friday. The business has a 50-day moving average of $3.56 and a 200-day moving average of $3.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 50.84, a price-to-earnings-growth ratio of 0.80 and a beta of 0.89. Grab Holdings Limited has a 1 year low of $2.96 and a 1 year high of $6.62.
Grab (NASDAQ:GRAB – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Grab had a net margin of 15.97% and a return on equity of 8.83%. The business had revenue of $997.00 million for the quarter, compared to analyst estimates of $994.97 million. As a group, equities research analysts anticipate that Grab Holdings Limited will post 0.13 earnings per share for the current year.
Insider Transactions at Grab
In other Grab news, insider Chin Ong sold 38,000 shares of Grab stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.43, for a total transaction of $130,340.00. Following the completion of the transaction, the insider owned 3,632,611 shares in the company, valued at approximately $12,459,855.73. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Hungate sold 145,349 shares of Grab stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $3.48, for a total value of $505,814.52. Following the transaction, the chief operating officer directly owned 6,111,979 shares in the company, valued at approximately $21,269,686.92. The trade was a 2.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,763,442 shares of company stock valued at $6,405,495. Company insiders own 3.60% of the company’s stock.
Grab Company Profile
Grab Holdings Inc (NASDAQ: GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with transportation, food and grocery delivery, parcel and on-demand logistics, digital payments and other financial services.
The company began as a ride-hailing service in Malaysia in 2012, founded by Anthony Tan and Tan Hooi Ling, and expanded into a broader digital platform. Grab’s consumer offerings include private-hire and taxi services, GrabFood, GrabMart and GrabExpress, while its financial-services products include digital payments, lending, insurance and digital banking services offered in selected markets.
Grab serves markets across Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.
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