Grab Holdings Limited $GRAB Shares Acquired by Park Avenue Securities LLC

Key Points

• Park Avenue Securities LLC increased its stake in Grab Holdings by 117.0%, now owning 770,233 shares worth approximately $3.87 million.
• Several institutional investors significantly changed their positions in Grab, with firms like Assenagon Asset Management increasing their stakes by over 111% in recent quarters.
• Grab Holdings has a 52-week range of $3.36 to $6.58, and it recently reported quarterly earnings with revenue surpassing analyst estimates, setting its FY 2025 guidance at $0.05 EPS.

Park Avenue Securities LLC lifted its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 117.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 770,233 shares of the company's stock after purchasing an additional 415,274 shares during the quarter. Park Avenue Securities LLC's holdings in Grab were worth $3,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GRAB. Assenagon Asset Management S.A. grew its stake in shares of Grab by 111.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock worth $162,306,000 after purchasing an additional 18,882,118 shares during the period. Nuveen LLC acquired a new stake in shares of Grab during the 1st quarter worth approximately $85,143,000. PointState Capital LP grew its stake in shares of Grab by 50.6% during the 1st quarter. PointState Capital LP now owns 35,148,819 shares of the company's stock worth $159,224,000 after purchasing an additional 11,804,514 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Grab by 19.0% during the 1st quarter. JPMorgan Chase & Co. now owns 50,027,575 shares of the company's stock valued at $226,625,000 after buying an additional 7,998,293 shares in the last quarter. Finally, Invesco Ltd. increased its holdings 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 acquiring an additional 6,820,675 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GRAB shares. HSBC restated a "hold" rating and set a $6.20 price objective on shares of Grab in a research report on Wednesday, September 17th. Hsbc Global Res lowered shares of Grab from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Grab currently has a consensus rating of "Moderate Buy" and an average target price of $5.90.

Grab Stock Up 0.9%

NASDAQ GRAB opened at $6.45 on Tuesday. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.58. 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 business's fifty day simple moving average is $5.27 and its 200-day simple moving average is $4.86. The firm has a market cap of $25.97 billion, a PE ratio of 161.29 and a beta of 0.84.

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