Natixis Advisors LLC Sells 31,229 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Natixis Advisors LLC cut its position in Grab Holdings Limited (NASDAQ:GRAB) by 20.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,451 shares of the company’s stock after selling 31,229 shares during the quarter. Natixis Advisors LLC’s holdings in Grab were worth $555,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GRAB. Garde Capital Inc. bought a new position in Grab in the 1st quarter worth about $29,000. Proficio Capital Partners LLC bought a new position in Grab in the 1st quarter worth about $45,000. J2 Capital Management Inc bought a new position in Grab in the 1st quarter worth about $45,000. Perigon Wealth Management LLC bought a new position in Grab in the 1st quarter worth about $48,000. Finally, Intelligence Driven Advisers LLC bought a new position in Grab in the 1st quarter worth about $48,000. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Performance

GRAB stock opened at $4.82 on Tuesday. Grab Holdings Limited has a 1 year low of $3.08 and a 1 year high of $5.72. The stock’s fifty day moving average price is $4.95 and its 200-day moving average price is $4.74. The company has a market cap of $19.41 billion, a P/E ratio of 120.53 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $819.00 million for the quarter, compared to analysts’ expectations of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. On average, equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on Grab from $5.60 to $5.30 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5.82.

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.