Hsbc Holdings PLC Acquires 949,297 Shares of Grab Holdings Limited $GRAB

Key Points

• HSBC increased its stake in Grab by 13.6%, buying 949,297 shares to hold 7,935,800 shares valued at about $39.93 million at quarter-end.
• Several other major institutions — including JPMorgan, PointState, William Blair, Invesco and Nuveen — also materially raised positions, leaving institutional ownership at 55.52%.
• Grab shares are down (opened at $5.27) with a market cap of $21.22 billion and a high P/E (~131.8); the company missed quarterly EPS estimates (reported $0.01 vs. $0.03 consensus) while analysts' consensus rating is a "Moderate Buy" with a $6.37 target.

Hsbc Holdings PLC raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,935,800 shares of the company's stock after buying an additional 949,297 shares during the period. Hsbc Holdings PLC owned about 0.20% of Grab worth $39,931,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GRAB. Nuveen LLC acquired a new position in Grab in the first quarter valued at about $85,143,000. PointState Capital LP raised its holdings in Grab by 50.6% in the 1st quarter. PointState Capital LP now owns 35,148,819 shares of the company's stock valued at $159,224,000 after buying an additional 11,804,514 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Grab by 20.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company's stock worth $304,092,000 after buying an additional 10,428,014 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Grab by 70.0% in the 2nd quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company's stock valued at $106,386,000 after purchasing an additional 8,707,738 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Grab by 13.6% in the 1st quarter. Invesco Ltd. now owns 57,114,603 shares of the company's stock valued at $258,729,000 after purchasing an additional 6,820,675 shares during the period. Institutional investors own 55.52% of the company's stock.

Grab Stock Down 3.3%

Grab stock opened at $5.27 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 131.78 and a beta of 0.89. The stock has a fifty day simple moving average of $5.78 and a two-hundred day simple moving average of $5.33. Grab Holdings Limited has a 12 month low of $3.36 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). The firm had revenue of $873.00 million for the quarter, compared to the consensus estimate of $870.44 million. Grab had a net margin of 3.81% and a return on equity of 1.91%. Grab has set its FY 2025 guidance at EPS. Equities analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GRAB. Wall Street Zen lowered shares of Grab from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. Benchmark upped their target price on Grab from $6.00 to $7.00 and gave the company a "buy" rating in a report on Tuesday, November 4th. Barclays lifted their price objective on Grab from $6.50 to $7.00 and gave the stock an "overweight" rating in a report on Tuesday, November 11th. Weiss Ratings reissued a "hold (c-)" rating on shares of Grab in a report on Wednesday, October 8th. Finally, HSBC restated a "hold" rating and set a $6.20 price target on shares of Grab in a research report on Wednesday, September 17th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Grab presently has an average rating of "Moderate Buy" and a consensus target price of $6.37.

About Grab

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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