Lake Street Advisors Group LLC Has $2.49 Million Stock Position in Grab Holdings Limited (NASDAQ:GRAB)

Lake Street Advisors Group LLC grew its stake in Grab Holdings Limited (NASDAQ:GRAB) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 700,455 shares of the company’s stock after purchasing an additional 5,131 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Grab were worth $2,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GRAB. Dorsey & Whitney Trust CO LLC acquired a new stake in Grab during the 1st quarter worth $32,000. Miracle Mile Advisors LLC acquired a new position in shares of Grab during the 1st quarter worth approximately $32,000. Sage Rhino Capital LLC acquired a new stake in Grab during the 2nd quarter valued at $38,000. Callan Capital LLC bought a new position in Grab during the first quarter worth $34,000. Finally, Lane & Associates LLC acquired a new position in shares of Grab in the first quarter valued at $39,000. Institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Grab in a report on Friday, May 17th. They set a “buy” rating and a $4.50 target price for the company. Mizuho started 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. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a report on Monday, August 19th. Barclays upped their price objective on Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Finally, Jefferies Financial Group dropped their target price on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a report on Wednesday, July 17th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $4.71.

Grab Price Performance

GRAB stock opened at $3.29 on Friday. The company’s 50-day moving average price is $3.34 and its two-hundred day moving average price is $3.39. The firm has a market cap of $12.91 billion, a P/E ratio of -47.00 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. Grab Holdings Limited has a 12 month low of $2.90 and a 12 month high of $3.82.

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

About Grab

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.