GFG Capital LLC Makes New Investment in Grab Holdings Limited (NASDAQ:GRAB)

GFG Capital LLC bought a new position in Grab Holdings Limited (NASDAQ:GRAB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 39,159 shares of the company’s stock, valued at approximately $149,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Miracle Mile Advisors LLC purchased a new stake in Grab during the first quarter valued at approximately $32,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Grab in the first quarter worth $32,000. Callan Capital LLC acquired a new stake in shares of Grab in the first quarter worth $34,000. Blue Trust Inc. increased its stake in shares of Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after acquiring an additional 3,408 shares during the period. Finally, Sage Rhino Capital LLC acquired a new stake in shares of Grab in the second quarter worth $38,000. 55.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Mizuho assumed coverage on shares of Grab in a research note on Thursday, June 27th. They set an “outperform” rating and a $5.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research note on Wednesday, September 11th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Grab has an average rating of “Buy” and a consensus price target of $4.71.

Grab Stock Up 8.0 %

Shares of NASDAQ GRAB opened at $4.03 on Tuesday. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $4.06. The firm has a 50-day moving average price of $3.48 and a 200 day moving average price of $3.49. The stock has a market capitalization of $15.81 billion, a price-to-earnings ratio of -57.57 and a beta of 0.83.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $664.00 million during the quarter, compared to the consensus estimate of $674.17 million. Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) earnings per share. Equities research analysts anticipate that Grab Holdings Limited will post -0.04 EPS for the current fiscal year.

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.