320,000 Shares in Grab Holdings Limited $GRAB Bought by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd purchased 320,000 shares of Grab Holdings Limited valued at approximately $1,610,000 in the second quarter.
• Grab Holdings has seen increased interest from institutional investors, with several firms significantly increasing their stakes in the company.
• The company holds a Moderate Buy rating from analysts, with an average target price of $5.90.

S Bank Fund Management Ltd purchased a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 320,000 shares of the company's stock, valued at approximately $1,610,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WCM Investment Management LLC lifted its stake in Grab by 0.6% in the second quarter. WCM Investment Management LLC now owns 919,701 shares of the company's stock worth $4,525,000 after acquiring an additional 5,283 shares during the period. Allianz Asset Management GmbH lifted its position in Grab by 2,244.7% during the second quarter. Allianz Asset Management GmbH now owns 527,782 shares of the company's stock valued at $2,655,000 after buying an additional 505,272 shares during the period. TD Asset Management Inc lifted its position in Grab by 12.2% during the second quarter. TD Asset Management Inc now owns 822,204 shares of the company's stock valued at $4,136,000 after buying an additional 89,474 shares during the period. Sequoia Financial Advisors LLC lifted its position in Grab by 15.0% during the second quarter. Sequoia Financial Advisors LLC now owns 52,805 shares of the company's stock valued at $266,000 after buying an additional 6,871 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Grab by 9.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 139,002 shares of the company's stock valued at $699,000 after buying an additional 11,790 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on GRAB. Weiss Ratings reissued a "hold (c-)" rating on shares of Grab in a research report on Wednesday, October 8th. Hsbc Global Res downgraded Grab from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th. Finally, HSBC restated a "hold" rating and set a $6.20 price target on shares of Grab in a report on Wednesday, September 17th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $5.90.

Grab Price Performance

NASDAQ GRAB opened at $5.92 on Thursday. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The stock has a 50-day moving average of $5.59 and a 200 day moving average of $5.05. The company has a market capitalization of $23.84 billion, a price-to-earnings ratio of 148.04 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The company 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. On average, sell-side analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab Company 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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