Adalta Capital Management LLC Sells 10,000 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Adalta Capital Management LLC trimmed its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,680 shares of the company’s stock after selling 10,000 shares during the period. Adalta Capital Management LLC’s holdings in Grab were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in GRAB. Blue Trust Inc. lifted its stake in shares of Grab by 53.6% during the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after purchasing an additional 3,408 shares during the last quarter. Sage Rhino Capital LLC bought a new position in Grab in the second quarter worth about $38,000. Traynor Capital Management Inc. purchased a new stake in shares of Grab during the third quarter valued at about $41,000. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Grab by 37.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after buying an additional 3,795 shares in the last quarter. Finally, Glenmede Trust Co. NA purchased a new position in shares of Grab in the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GRAB. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price target on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. HSBC lowered shares of Grab from a “buy” rating to a “hold” rating and increased their price objective for the company from $4.25 to $5.50 in a research report on Thursday. Hsbc Global Res downgraded shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Barclays raised their price target on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.53.

Grab Price Performance

Grab stock opened at $5.14 on Monday. Grab Holdings Limited has a 12 month low of $2.90 and a 12 month high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The business has a 50 day simple moving average of $4.39 and a 200-day simple moving average of $3.79.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The firm had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. Analysts anticipate that Grab Holdings Limited will post -0.03 EPS for the current year.

Grab 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.