Lyrical Asset Management LP acquired a new position in Grab Holdings Limited (NASDAQ:GRAB – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 755,474 shares of the company’s stock, valued at approximately $3,770,000.
Several other institutional investors also recently bought and sold shares of GRAB. Parallel Advisors LLC lifted its position in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after buying an additional 4,601 shares during the last quarter. Signaturefd LLC raised its stake in shares of Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after acquiring an additional 2,543 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Grab in the 3rd quarter valued at approximately $38,000. Larson Financial Group LLC lifted its holdings in Grab by 162,500.0% in the 3rd 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, Global Retirement Partners LLC boosted its position in Grab by 66.9% during the fourth quarter. Global Retirement Partners LLC now owns 8,516 shares of the company’s stock worth $42,000 after purchasing an additional 3,414 shares during the period. 55.52% of the stock is currently owned by institutional investors.
Insider Transactions at Grab
In other Grab news, CEO Anthony Ping Yeow Tan sold 400,000 shares of Grab stock in a transaction on Monday, May 11th. The shares were sold at an average price of $3.67, for a total transaction of $1,468,000.00. Following the sale, the chief executive officer owned 25,193 shares in the company, valued at $92,458.31. The trade was a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 48,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total transaction of $170,400.00. Following the completion of the sale, the insider directly owned 3,781,306 shares in the company, valued at $13,423,636.30. This trade represents a 1.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,156,819 shares of company stock valued at $4,245,017 in the last ninety days. 3.60% of the stock is owned by company insiders.
Analysts Set New Price Targets
View Our Latest Stock Report on Grab
Grab Price Performance
GRAB stock opened at $3.34 on Monday. Grab Holdings Limited has a twelve month low of $3.33 and a twelve month high of $6.62. The company has a market cap of $13.69 billion, a PE ratio of 334.33, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The business’s 50-day simple moving average is $3.69 and its 200 day simple moving average is $4.28. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06.
Grab (NASDAQ:GRAB – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The firm had revenue of $955.00 million during the quarter, compared to analyst estimates of $921.71 million. On average, research analysts anticipate that Grab Holdings Limited will post 0.08 earnings per share for the current year.
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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