111 Capital Cuts Stock Holdings in Grab Holdings Limited $GRAB

Key Points

• 111 Capital reduced its stake in Grab Holdings by 23% in the second quarter, now holding approximately 1.1% of its portfolio in Grab, worth about $6.36 million.
• Analysts have issued a mixed consensus on Grab, with seven analysts rating it a Buy and five a Hold, while HSBC downgraded the stock from a "strong-buy" to a "hold" rating.
• Grab's stock closed at $6.16, with a market capitalization of $24.81 billion, following a recent earnings report that met consensus estimates at $0.01 EPS.

111 Capital lowered its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 23.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,258,593 shares of the company's stock after selling 375,182 shares during the quarter. Grab accounts for about 1.1% of 111 Capital's portfolio, making the stock its 13th largest position. 111 Capital's holdings in Grab were worth $6,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Amundi grew its stake in shares of Grab by 102.3% during the first quarter. Amundi now owns 3,349,450 shares of the company's stock worth $14,269,000 after purchasing an additional 1,693,598 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Grab by 18.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,261,794 shares of the company's stock worth $78,196,000 after purchasing an additional 2,679,277 shares in the last quarter. SCS Capital Management LLC acquired a new position in shares of Grab during the first quarter worth $1,197,000. Exchange Traded Concepts LLC grew its stake in shares of Grab by 559.1% during the second quarter. Exchange Traded Concepts LLC now owns 1,773,947 shares of the company's stock worth $8,923,000 after purchasing an additional 1,504,799 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Grab by 354.4% during the first quarter. Voya Investment Management LLC now owns 1,889,769 shares of the company's stock worth $8,561,000 after purchasing an additional 1,473,925 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GRAB shares. Hsbc Global Res downgraded shares of Grab from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. HSBC reiterated a "hold" rating and set a $6.20 target price on shares of Grab in a research note on Wednesday, September 17th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a research note on Saturday, September 27th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.90.

Grab Stock Performance

NASDAQ GRAB opened at $6.16 on Friday. 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 Holdings Limited has a 1 year low of $3.36 and a 1 year high of $6.62. The company has a market capitalization of $24.81 billion, a PE ratio of 154.04 and a beta of 0.88. The company has a fifty day moving average of $5.42 and a two-hundred day moving average of $4.97.

Grab (NASDAQ:GRAB - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The business had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, analysts expect that Grab Holdings Limited will post 0.05 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.

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