Allianz Asset Management GmbH Has $2.66 Million Stock Position in Grab Holdings Limited $GRAB

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Grab Holdings, acquiring a total of 527,782 shares worth approximately $2.66 million, reflecting a 2,244.7% increase in holdings during the second quarter.
• Grab Holdings reported a revenue of $819 million for the last quarter, slightly exceeding analyst estimates, with earnings per share meeting expectations at $0.01.
• Six analysts have rated Grab Holdings with a Buy rating while five have issued a Hold rating, leading to a consensus rating of "Moderate Buy" with a target price of $6.06.

Allianz Asset Management GmbH boosted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 2,244.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 527,782 shares of the company's stock after buying an additional 505,272 shares during the period. Allianz Asset Management GmbH's holdings in Grab were worth $2,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC lifted its position in shares of Grab by 63.6% during the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock worth $37,000 after buying an additional 3,199 shares during the period. Proficio Capital Partners LLC bought a new position in Grab in the 1st quarter valued at $45,000. Intelligence Driven Advisers LLC bought a new stake in shares of Grab during the first quarter worth $48,000. Perigon Wealth Management LLC bought a new stake in shares of Grab during the first quarter worth $48,000. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Grab during the first quarter worth $51,000. Institutional investors own 55.52% of the company's stock.

Grab Price Performance

NASDAQ:GRAB opened at $5.85 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average price is $5.68 and its two-hundred day moving average price is $5.12. The firm has a market capitalization of $23.56 billion, a price-to-earnings ratio of 146.29 and a beta of 0.88. Grab Holdings Limited has a 12-month low of $3.36 and a 12-month high of $6.62.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. Grab has set its FY 2025 guidance at EPS. On average, analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Grab in a research note on Wednesday, October 8th. Hsbc Global Res lowered Grab from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th. Finally, HSBC reiterated a "hold" rating and set a $6.20 target price on shares of Grab in a report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Grab presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.06.

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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