Tiger Global Management Reduces $350M in Grab Holdings Limited ($GRAB)
Key Points
- Tiger Global Management changed its Grab Holdings Limited ($GRAB) stake by 100% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $GRAB is Strong Buy and an average price target of $5.86.
- $GRAB last traded around $3.77.
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Tiger Global Management reduced its position in Grab Holdings Limited ($GRAB), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Grab Holdings Limited after selling 92,923,788 shares during the quarter.
Grab Holdings Limited Stock Up 4.4%
Shares of Grab Holdings Limited ($GRAB) traded around $3.77 on Saturday, up 4.4% for the day.
Grab Holdings Limited Earnings
Analysts Set New Price Targets
About Grab Holdings Limited
Grab Holdings Limited operates the Grab superapp in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers delivery services on its platform, such as GrabFood, a food ordering and delivery booking service; Dine-Out for table reservations; GrabMart, a goods ordering and delivery booking service; GrabAds, an online advertising solution; GrabExpress, a package delivery booking service; Grab for Business platform, a unified management portal for corporate clients. It also provides GrabKios, a network of agents; GrabCar, which enables a private hire driver-partner to register with Grab and accept bookings through its driver-partner application; and GrabTaxi, which enables a taxi driver-partner to register with Grab and accept bookings through the Grab driver-partner application. In addition, the company offers JustGrab, which enables consumers to book a private car or a traditional taxi; GrabBike, a motorcycle ride-hailing offering; three-wheel vehicles for culturally localized modes; carpooling shared mobility options; GrabRentals, which facilitates vehicle rental for its driver-partners; GrabPay, a digital payments solution; and GrabCoins, a loyalty platform. Further, it provides GrabFin for financial services comprising digital and offline lending, PayLater services, white goods financing, receivables factoring, and working capital loans; GrabInsure, aprotection for rides and package deliveries, personal accident insurance, income protection insurance, critical illness insurance, vehicle insurance, and travel insurance; GrabLink, a payment gateway and acquiring service; Digibank Savings Account, a digital banking deposit account. Additionally, the company offers GX Bank debit cards; GXS FlexiCard, a fee-based credit card; and mapping services, autonomous vehicle services, and last-mile delivery infrastructure. Grab Holdings Limited was founded in 2012 and is headquartered in Singapore, Singapore.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.