Grab Holdings Limited $GRAB is Coronation Fund Managers Ltd.'s 3rd Largest Position

Key Points

• Coronation Fund Managers Ltd. has reduced its stake in Grab Holdings Limited by 6.2%, owning 30,084,754 shares, which makes Grab the firm's 3rd largest position.
• Grab reported a net margin of 3.65% and earnings of $0.01 per share, meeting analysts' expectations, with a revenue of $819 million for the quarter.
• Equities analysts have a consensus rating of "Moderate Buy" for Grab shares, with an average target price of $5.90.

Coronation Fund Managers Ltd. decreased its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,084,754 shares of the company's stock after selling 1,978,847 shares during the period. Grab accounts for about 8.2% of Coronation Fund Managers Ltd.'s holdings, making the stock its 3rd biggest position. Coronation Fund Managers Ltd. owned about 0.75% of Grab worth $151,326,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GRAB. Nuveen LLC purchased a new position in shares of Grab in the first quarter worth about $85,143,000. PointState Capital LP grew its stake in Grab by 50.6% in the 1st quarter. PointState Capital LP now owns 35,148,819 shares of the company's stock worth $159,224,000 after buying an additional 11,804,514 shares in the last quarter. William Blair Investment Management LLC grew its stake in Grab by 70.0% in the 2nd quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company's stock worth $106,386,000 after buying an additional 8,707,738 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Grab by 19.0% in the 1st quarter. JPMorgan Chase & Co. now owns 50,027,575 shares of the company's stock worth $226,625,000 after buying an additional 7,998,293 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Grab by 13.6% in the 1st quarter. Invesco Ltd. now owns 57,114,603 shares of the company's stock worth $258,729,000 after buying an additional 6,820,675 shares in the last quarter. Institutional investors own 55.52% of the company's stock.

Grab Trading Up 0.5%

Grab stock opened at $5.67 on Tuesday. The stock has a market cap of $22.83 billion, a P/E ratio of 141.79 and a beta of 0.88. 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 firm's 50 day moving average price is $5.63 and its 200-day moving average price is $5.09.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $809.41 million. Grab has set its FY 2025 guidance at EPS. On average, equities analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GRAB shares. HSBC restated a "hold" rating and issued a $6.20 price objective on shares of Grab in a report on Wednesday, September 17th. Hsbc Global Res lowered shares of Grab from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Grab in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.90.

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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