Regal Partners Ltd Grows Stock Position in Grab Holdings Limited $GRAB

Regal Partners Ltd increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 22.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,462 shares of the company’s stock after buying an additional 12,554 shares during the quarter. Regal Partners Ltd’s holdings in Grab were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GRAB. Nuveen LLC acquired a new stake in Grab during the first quarter worth about $85,143,000. PointState Capital LP increased its stake in Grab by 50.6% during the first quarter. PointState Capital LP now owns 35,148,819 shares of the company’s stock worth $159,224,000 after acquiring an additional 11,804,514 shares during the last quarter. William Blair Investment Management LLC increased its stake in Grab by 70.0% during the second quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company’s stock worth $106,386,000 after acquiring an additional 8,707,738 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Grab by 19.0% during the first quarter. JPMorgan Chase & Co. now owns 50,027,575 shares of the company’s stock worth $226,625,000 after acquiring an additional 7,998,293 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Grab by 13.6% during the first quarter. Invesco Ltd. now owns 57,114,603 shares of the company’s stock worth $258,729,000 after acquiring an additional 6,820,675 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Price Performance

GRAB stock opened at $6.01 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. Grab Holdings Limited has a 1 year low of $3.36 and a 1 year high of $6.62. The firm has a market cap of $24.20 billion, a P/E ratio of 150.29 and a beta of 0.88. The stock has a 50-day simple moving average of $5.78 and a 200-day simple moving average of $5.21.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The business had revenue of $819.00 million during the quarter, compared to analyst estimates of $809.41 million. On average, equities analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GRAB has been the subject of several research analyst reports. Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research note on Wednesday, October 8th. Finally, HSBC reiterated a “hold” rating and issued a $6.20 target price on shares of Grab in a research note on Wednesday, September 17th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.06.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.