IFM Investors Pty Ltd Has $2.24 Million Stock Holdings in Grab Holdings Limited $GRAB

Key Points

• IFM Investors Pty Ltd increased its stake in Grab Holdings Limited by 28.4%, owning 446,132 shares valued at $2.24 million as of the latest SEC filing.
• Several hedge funds significantly boosted their holdings in Grab during the same quarter, with Exchange Traded Concepts LLC increasing its stake by 559.1%.
• Grab's current stock price is $6.45, with a market capitalization of $25.97 billion and analysts maintaining a "Moderate Buy" rating on the stock.

IFM Investors Pty Ltd grew its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 28.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 446,132 shares of the company's stock after purchasing an additional 98,621 shares during the period. IFM Investors Pty Ltd's holdings in Grab were worth $2,244,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its stake in shares of Grab by 559.1% in the 2nd quarter. Exchange Traded Concepts LLC now owns 1,773,947 shares of the company's stock valued at $8,923,000 after purchasing an additional 1,504,799 shares in the last quarter. Swedbank AB acquired a new position in Grab during the 2nd quarter worth about $275,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Grab by 8.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 291,586 shares of the company's stock worth $1,467,000 after buying an additional 23,153 shares in the last quarter. Leibman Financial Services Inc. lifted its position in Grab by 9.9% during the 2nd quarter. Leibman Financial Services Inc. now owns 221,743 shares of the company's stock worth $1,115,000 after buying an additional 19,885 shares in the last quarter. Finally, Centurion Wealth Management LLC lifted its position in Grab by 95.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 46,715 shares of the company's stock worth $235,000 after buying an additional 22,857 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Hsbc Global Res downgraded shares of Grab from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. HSBC reiterated a "hold" rating and set a $6.20 price target on shares of Grab in a research report on Wednesday, September 17th. Seven equities research 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, the stock has an average rating of "Moderate Buy" and an average price target of $5.90.

Grab Stock Performance

Shares of GRAB opened at $6.45 on Tuesday. Grab Holdings Limited has a 12 month low of $3.36 and a 12 month high of $6.58. The firm has a fifty day simple moving average of $5.27 and a 200 day simple moving average of $4.86. The stock has a market capitalization of $25.97 billion, a price-to-earnings ratio of 161.29 and a beta of 0.84. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $819.00 million during the quarter, compared to the consensus estimate 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. Research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

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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