Grab Holdings Limited (NASDAQ:GRAB) is Tremblant Capital Group’s 6th Largest Position

Tremblant Capital Group increased its position in Grab Holdings Limited (NASDAQ:GRAB) by 6.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 13,892,011 shares of the company’s stock after purchasing an additional 831,263 shares during the period. Grab accounts for about 5.3% of Tremblant Capital Group’s holdings, making the stock its 6th biggest holding. Tremblant Capital Group owned 0.35% of Grab worth $49,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GRAB. Miracle Mile Advisors LLC acquired a new position in Grab in the 1st quarter valued at about $32,000. Dorsey & Whitney Trust CO LLC acquired a new position in Grab during the 1st quarter worth approximately $32,000. Callan Capital LLC acquired a new position in Grab during the 1st quarter worth approximately $34,000. Sage Rhino Capital LLC acquired a new position in Grab during the 2nd quarter worth approximately $38,000. Finally, Lane & Associates LLC acquired a new position in Grab during the 1st quarter worth approximately $39,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GRAB has been the topic of several recent analyst reports. Jefferies Financial Group dropped their target price on Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Grab in a research note on Wednesday, September 11th. Finally, Mizuho initiated coverage on Grab in a research note on Thursday, June 27th. They issued an “outperform” rating and a $5.00 target price on the stock. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Grab presently has a consensus rating of “Buy” and a consensus price target of $4.71.

Grab Trading Up 0.3 %

Shares of Grab stock opened at $3.65 on Tuesday. The firm has a market cap of $14.32 billion, a PE ratio of -52.14 and a beta of 0.81. 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 business’s fifty day moving average is $3.34 and its two-hundred day moving average is $3.42. Grab Holdings Limited has a fifty-two week low of $2.90 and a fifty-two week high of $3.77.

Grab (NASDAQ:GRAB) last released its quarterly earnings data 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 return on equity of 3.35% and a negative net margin of 8.24%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. Analysts anticipate that Grab Holdings Limited will post -0.01 earnings per share 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.