Janus Henderson Group PLC Lowers Position in Grab Holdings Limited (NASDAQ:GRAB)

Janus Henderson Group PLC cut its stake in Grab Holdings Limited (NASDAQ:GRAB) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 673,464 shares of the company’s stock after selling 56,551 shares during the period. Janus Henderson Group PLC’s holdings in Grab were worth $2,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GRAB. Blue Trust Inc. lifted its holdings in shares of Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after purchasing an additional 3,408 shares during the last quarter. Sage Rhino Capital LLC purchased a new position in shares of Grab during the second quarter valued at approximately $38,000. Traynor Capital Management Inc. purchased a new position in shares of Grab during the third quarter valued at approximately $41,000. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Grab by 37.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after purchasing an additional 3,795 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new position in shares of Grab during the third quarter valued at approximately $53,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Down 4.1 %

Shares of GRAB stock opened at $5.18 on Friday. The stock has a market cap of $20.86 billion, a P/E ratio of -259.00 and a beta of 0.90. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $4.52 and its two-hundred day simple moving average is $3.84.

Grab (NASDAQ:GRAB) last posted its 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 for the quarter, compared to the consensus estimate of $705.40 million. During the same period in the previous year, the firm posted ($0.02) EPS. Analysts predict that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GRAB has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Barclays raised their price target on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a research report on Tuesday, November 12th. Daiwa Capital Markets began coverage on shares of Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target for the company. Finally, Hsbc Global Res downgraded shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Grab presently has an average rating of “Moderate Buy” and an average price target of $5.53.

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.