Alberta Investment Management Corp Takes Position in Grab Holdings Limited $GRAB

Key Points

• Alberta Investment Management Corp established a new position in Grab by purchasing 241,600 shares in Q2, worth about $1.215 million, contributing to institutional ownership of roughly 55.5%.
• Analysts are mixed but leaning positive: Grab has a consensus rating of “Moderate Buy” with a consensus price target of $6.25, and several firms (Jefferies, Benchmark, Barclays) recently raised targets to $7.00.
• Grab recently missed EPS (reported $0.01 vs. $0.03 estimate) while revenue was roughly in line; the stock trades near $5.33 with a market cap of about $21.5 billion and a PE around 133.

Alberta Investment Management Corp purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 241,600 shares of the company's stock, valued at approximately $1,215,000.

A number of other institutional investors also recently modified their holdings of GRAB. J2 Capital Management Inc increased its position in shares of Grab by 21.5% during the second quarter. J2 Capital Management Inc now owns 12,189 shares of the company's stock worth $61,000 after buying an additional 2,155 shares during the period. Sowell Financial Services LLC raised its position in shares of Grab by 18.8% in the 2nd quarter. Sowell Financial Services LLC now owns 13,953 shares of the company's stock worth $70,000 after acquiring an additional 2,206 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Grab by 51.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company's stock worth $39,000 after acquiring an additional 2,634 shares in the last quarter. Genus Capital Management Inc. lifted its stake in shares of Grab by 3.4% in the 2nd quarter. Genus Capital Management Inc. now owns 91,286 shares of the company's stock valued at $459,000 after purchasing an additional 3,000 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Grab by 6.2% in the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company's stock valued at $239,000 after purchasing an additional 3,090 shares during the period. 55.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on GRAB shares. Wall Street Zen cut Grab from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Jefferies Financial Group reiterated a "buy" rating and issued a $7.00 price objective on shares of Grab in a research note on Tuesday, November 4th. Benchmark boosted their target price on shares of Grab from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Tuesday, November 4th. Barclays increased their target price on shares of Grab from $6.50 to $7.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 11th. Finally, HSBC reaffirmed a "hold" rating and issued a $6.20 price target on shares of Grab in a research note on Wednesday, September 17th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Grab has a consensus rating of "Moderate Buy" and a consensus price target of $6.25.

Grab Trading Down 1.5%

NASDAQ:GRAB opened at $5.33 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.83 and a quick ratio of 1.81. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The company has a market cap of $21.46 billion, a PE ratio of 133.28 and a beta of 0.88. The firm has a 50-day moving average of $5.93 and a 200-day moving average of $5.31.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $873.00 million during the quarter, compared to the consensus estimate of $870.44 million. Grab had a net margin of 3.81% and a return on equity of 1.91%. Grab has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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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