Van Berkom & Associates Inc. Has $413,000 Stake in Grab Holdings Limited (NASDAQ:GRAB)

Van Berkom & Associates Inc. lifted its position in Grab Holdings Limited (NASDAQ:GRAB) by 82.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,300 shares of the company’s stock after purchasing an additional 52,700 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Grab were worth $413,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Grab by 3.0% in the fourth quarter. Victory Capital Management Inc. now owns 418,172 shares of the company’s stock valued at $1,409,000 after buying an additional 12,171 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Grab by 245.5% in the fourth quarter. Metis Global Partners LLC now owns 49,334 shares of the company’s stock valued at $166,000 after acquiring an additional 35,053 shares during the last quarter. Jump Financial LLC boosted its holdings in Grab by 2,829.5% during the fourth quarter. Jump Financial LLC now owns 336,277 shares of the company’s stock worth $1,133,000 after buying an additional 324,798 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Grab by 0.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 944,627 shares of the company’s stock worth $3,103,000 after buying an additional 5,317 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its holdings in Grab by 129.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 117,436 shares of the company’s stock worth $395,000 after buying an additional 66,332 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on GRAB. Deutsche Bank Aktiengesellschaft began coverage on Grab in a research report on Friday, May 17th. They issued a “buy” rating and a $4.50 target price on the stock. Mizuho began coverage on Grab in a research report on Thursday, June 27th. They issued an “outperform” rating and a $5.00 target price on the stock. Barclays lifted their target price on Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Grab in a research report on Monday, August 19th. Finally, Jefferies Financial Group lowered their price target on Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $4.71.

Grab Trading Up 0.6 %

Grab stock traded up $0.02 during trading hours on Monday, hitting $3.31. The stock had a trading volume of 1,112,823 shares, compared to its average volume of 22,168,664. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of -46.99 and a beta of 0.81. Grab Holdings Limited has a one year low of $2.90 and a one year high of $3.82. The business’s 50 day simple moving average is $3.34 and its 200-day simple moving average is $3.39.

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

Grab Company Profile

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.