Grab Holdings Limited $GRAB Stake Boosted by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC significantly increased its stake in Grab Holdings Limited by 354.4% during the 1st quarter, owning nearly 1.9 million shares valued at approximately $8.56 million.
• Multiple large investors, including Amundi and Royal Bank of Canada, also raised their positions in Grab, indicating strong institutional interest with over 55% of the stock held by hedge funds and institutional investors.
• Grab's stock has received a consensus rating of "Moderate Buy" from analysts, with an average price target of $5.90 and a recent trading price of $6.10.

Voya Investment Management LLC increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 354.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,889,769 shares of the company's stock after purchasing an additional 1,473,925 shares during the quarter. Voya Investment Management LLC's holdings in Grab were worth $8,561,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GRAB. Cetera Investment Advisers acquired a new stake in Grab during the 4th quarter worth approximately $321,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Grab by 186.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,891 shares of the company's stock worth $146,000 after purchasing an additional 20,102 shares in the last quarter. Man Group plc grew its position in Grab by 443.0% in the fourth quarter. Man Group plc now owns 540,211 shares of the company's stock valued at $2,550,000 after acquiring an additional 440,720 shares in the last quarter. Quantinno Capital Management LP grew its position in Grab by 532.9% in the fourth quarter. Quantinno Capital Management LP now owns 181,522 shares of the company's stock valued at $857,000 after acquiring an additional 152,839 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Grab in the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on GRAB. HSBC reaffirmed a "hold" rating and issued a $6.20 price objective on shares of Grab in a research report on Wednesday. Hsbc Global Res downgraded shares of Grab from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5.90.

Grab Stock Performance

GRAB traded up $0.04 during trading hours on Friday, hitting $6.39. 52,913,090 shares of the stock were exchanged, compared to its average volume of 52,382,752. The stock has a 50-day simple moving average of $5.24 and a 200-day simple moving average of $4.85. Grab Holdings Limited has a 12 month low of $3.36 and a 12 month high of $6.50. The stock has a market cap of $25.73 billion, a price-to-earnings ratio of 159.79 and a beta of 0.84. 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 (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (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 firm 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. Analysts anticipate 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.