Choreo LLC Invests $112,000 in Grab Holdings Limited (NASDAQ:GRAB)

Choreo LLC purchased a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 31,768 shares of the company’s stock, valued at approximately $112,000.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Grab by 1.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 7,648,194 shares of the company’s stock valued at $25,774,000 after purchasing an additional 126,365 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Grab by 3.8% during the fourth quarter. California State Teachers Retirement System now owns 2,326,539 shares of the company’s stock valued at $7,840,000 after purchasing an additional 85,670 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Grab by 125.0% during the first quarter. Quadrature Capital Ltd now owns 1,062,944 shares of the company’s stock valued at $3,348,000 after purchasing an additional 590,580 shares during the last quarter. Prudential PLC lifted its holdings in shares of Grab by 1.9% during the fourth quarter. Prudential PLC now owns 15,176,454 shares of the company’s stock valued at $51,145,000 after purchasing an additional 279,196 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Grab by 30.1% during the second quarter. SG Americas Securities LLC now owns 3,796,898 shares of the company’s stock valued at $13,479,000 after purchasing an additional 878,375 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

Grab Trading Down 0.5 %

Shares of GRAB stock opened at $3.64 on Friday. Grab Holdings Limited has a 1 year low of $2.90 and a 1 year high of $3.77. The firm has a fifty day moving average price of $3.33 and a 200-day moving average price of $3.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.00 and a quick ratio of 2.97. The company has a market cap of $14.28 billion, a price-to-earnings ratio of -52.00 and a beta of 0.81.

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

Wall Street Analysts Forecast Growth

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

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.