Grab Holdings Limited $GRAB Position Increased by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC significantly increased its holdings in Grab Holdings by 559.1% in the second quarter, owning over 1.77 million shares valued at approximately $8.92 million.
• Grab's stock has shown positive movement, with a 4.1% increase on recent trading days, and it has a market capitalization of $25.57 billion.
• After disappointing performance reviews, HSBC downgraded Grab's stock from a "strong-buy" to a "hold" rating, while most analysts maintain a rating of "Moderate Buy" with an average target price of $5.90.

Exchange Traded Concepts LLC increased its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 559.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,773,947 shares of the company's stock after buying an additional 1,504,799 shares during the quarter. Exchange Traded Concepts LLC's holdings in Grab were worth $8,923,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. acquired a new stake in Grab during the 1st quarter valued at approximately $29,000. Summit Securities Group LLC grew its stake in Grab by 63.6% during the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock valued at $37,000 after purchasing an additional 3,199 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Grab during the 1st quarter valued at approximately $45,000. J2 Capital Management Inc acquired a new stake in Grab during the 1st quarter valued at approximately $45,000. Finally, Perigon Wealth Management LLC acquired a new stake in Grab during the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Analysts Set New Price Targets

GRAB has been the subject of a number of recent analyst reports. Hsbc Global Res lowered Grab from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. HSBC restated a "hold" rating and set a $6.20 price objective on shares of Grab in a research note on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Grab presently has an average rating of "Moderate Buy" and a consensus price target of $5.90.

Grab Stock Performance

Shares of GRAB traded up $0.06 during mid-day trading on Monday, hitting $6.45. The stock had a trading volume of 96,170,339 shares, compared to its average volume of 52,382,752. The company has a market cap of $25.97 billion, a PE ratio of 161.29 and a beta of 0.84. The company's fifty day simple moving average is $5.27 and its two-hundred day simple moving average is $4.86. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a fifty-two week low of $3.36 and a fifty-two week high of $6.58.

Grab (NASDAQ:GRAB - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $819.00 million during 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, equities analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current 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.