Invesco Ltd. Raises Stock Position in Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• Invesco Ltd. increased its holdings in Grab Holdings Limited by 13.6%, owning approximately 57 million shares valued at $258.73 million as of the latest SEC filing.
• Price targets for Grab's stock have been revised by analysts, with JPMorgan Chase lowering its target from $5.60 to $5.30, maintaining an "overweight" rating.
• Grab reported earnings of $0.01 per share for the last quarter, meeting analysts' expectations, and generated $819 million in revenue, surpassing expectations of $809.41 million.

Invesco Ltd. increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,114,603 shares of the company's stock after acquiring an additional 6,820,675 shares during the quarter. Invesco Ltd. owned approximately 1.42% of Grab worth $258,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Uber Technologies Inc purchased a new stake in Grab in the 4th quarter valued at about $2,529,462,000. Toyota Motor Corp purchased a new stake in Grab in the 4th quarter valued at about $1,052,117,000. BNP Paribas Financial Markets purchased a new stake in Grab in the 4th quarter valued at about $137,561,000. D. E. Shaw & Co. Inc. raised its holdings in Grab by 176,919.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,891,669 shares of the company's stock valued at $93,889,000 after buying an additional 19,880,432 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Grab by 111.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock valued at $162,306,000 after buying an additional 18,882,118 shares during the period. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Performance

GRAB remained flat at $5.13 on Friday. 17,761,256 shares of the company traded hands, compared to its average volume of 36,697,020. The stock has a market cap of $20.66 billion, a price-to-earnings ratio of 128.28 and a beta of 0.84. Grab Holdings Limited has a 12-month low of $3.12 and a 12-month high of $5.72. The stock's 50-day simple moving average is $4.95 and its two-hundred day simple moving average is $4.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. On average, analysts predict 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.