Ashoka WhiteOak Capital Pte Ltd Takes Position in Grab Holdings Limited $GRAB

Key Points

• Ashoka WhiteOak Capital Pte Ltd has acquired 333,000 shares of Grab Holdings Limited, totaling approximately $1.66 million, making it the firm's 8th largest investment.
• HSBC Global Research has downgraded Grab from a "strong-buy" to a "hold" rating, establishing a target price at $6.20.
• Grab's quarterly earnings met analysts’ expectations, with a reported EPS of $0.01 and revenue of $819 million, surpassing estimates.

Ashoka WhiteOak Capital Pte Ltd bought a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 333,000 shares of the company's stock, valued at approximately $1,661,000. Grab makes up about 0.8% of Ashoka WhiteOak Capital Pte Ltd's portfolio, making the stock its 8th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sowell Financial Services LLC boosted its position in shares of Grab by 18.8% in the second quarter. Sowell Financial Services LLC now owns 13,953 shares of the company's stock worth $70,000 after purchasing an additional 2,206 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Grab by 6.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 45,934 shares of the company's stock valued at $208,000 after buying an additional 2,581 shares in the last quarter. Empowered Funds LLC boosted its holdings in Grab by 6.2% in the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company's stock worth $239,000 after buying an additional 3,090 shares during the period. Summit Securities Group LLC increased its stake in Grab by 63.6% in 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 in the last quarter. Finally, Leibman Financial Services Inc. raised its holdings in Grab by 1.7% during the first quarter. Leibman Financial Services Inc. now owns 201,858 shares of the company's stock valued at $914,000 after acquiring an additional 3,331 shares during the period. Institutional investors own 55.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Hsbc Global Res downgraded Grab from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. HSBC reissued a "hold" rating and set a $6.20 target price on shares of Grab in a research note on Wednesday, September 17th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Grab presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.90.

Grab Trading Up 0.5%

Shares of GRAB stock opened at $6.25 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $25.17 billion, a price-to-earnings ratio of 156.29 and a beta of 0.84. Grab Holdings Limited has a 12-month low of $3.36 and a 12-month high of $6.62. The stock's 50-day moving average price is $5.33 and its 200-day moving average price is $4.90.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $809.41 million. Grab has set its FY 2025 guidance at EPS. Equities research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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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