J. Safra Sarasin Holding AG Grows Stock Position in Grab Holdings Limited $GRAB

Key Points

• J. Safra Sarasin Holding AG increased its stake in Grab Holdings Limited by 121.2%, owning 121,097 shares valued at $609,000 as of the latest SEC filing.
• Other institutional investors, such as Amundi and UBS AM, also significantly increased their positions in Grab during the first quarter, highlighting growing interest in the company's stock.
• Analysts have mixed ratings for Grab, with seven analysts$5.90.

J. Safra Sarasin Holding AG grew its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 121.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,097 shares of the company's stock after purchasing an additional 66,354 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Grab were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amundi increased its position in shares of Grab by 102.3% during the 1st quarter. Amundi now owns 3,349,450 shares of the company's stock valued at $14,269,000 after purchasing an additional 1,693,598 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Grab by 18.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,261,794 shares of the company's stock valued at $78,196,000 after acquiring an additional 2,679,277 shares during the period. SCS Capital Management LLC bought a new position in shares of Grab during the 1st quarter valued at approximately $1,197,000. Exchange Traded Concepts LLC grew its stake in shares of Grab by 559.1% during the 2nd quarter. Exchange Traded Concepts LLC now owns 1,773,947 shares of the company's stock valued at $8,923,000 after acquiring an additional 1,504,799 shares during the period. Finally, Voya Investment Management LLC grew its stake in shares of Grab by 354.4% during the 1st quarter. Voya Investment Management LLC now owns 1,889,769 shares of the company's stock valued at $8,561,000 after acquiring an additional 1,473,925 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GRAB shares. HSBC reiterated a "hold" rating and set a $6.20 price objective on shares of Grab in a research note on Wednesday, September 17th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Grab in a research note on Saturday, September 27th. Finally, Hsbc Global Res downgraded Grab from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $5.90.

Grab Stock Up 1.8%

NASDAQ GRAB opened at $6.16 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. The company has a market capitalization of $24.81 billion, a P/E ratio of 154.04 and a beta of 0.88. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The stock has a 50 day moving average price of $5.42 and a 200-day moving average price of $4.97.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The company 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 predict 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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