Janney Montgomery Scott LLC Increases Holdings in Grab Holdings Limited $GRAB

Key Points

• Janney Montgomery Scott LLC has increased its stake in Grab Holdings Limited by 50.5%, owning 139,421 shares valued at approximately $701,000.
• Grab reported earnings of $0.01 per share, meeting analysts' expectations with revenue of $819 million for the quarter, surpassing the consensus estimate.
• The stock has a current average rating of "Moderate Buy" with a consensus target price of $5.90 as per recent analyst evaluations.

Janney Montgomery Scott LLC boosted its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 50.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,421 shares of the company's stock after purchasing an additional 46,783 shares during the period. Janney Montgomery Scott LLC's holdings in Grab were worth $701,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GRAB. Sowell Financial Services LLC boosted its position in shares of Grab by 18.8% during the second quarter. Sowell Financial Services LLC now owns 13,953 shares of the company's stock valued at $70,000 after purchasing an additional 2,206 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Grab by 6.0% during the first quarter. Sequoia Financial Advisors LLC now owns 45,934 shares of the company's stock valued at $208,000 after purchasing an additional 2,581 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company's stock valued at $239,000 after purchasing an additional 3,090 shares in the last quarter. Summit Securities Group LLC lifted its holdings in shares of Grab by 63.6% during the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock valued at $37,000 after purchasing an additional 3,199 shares in the last quarter. Finally, Cigna Investments Inc. New increased its position in Grab by 8.7% during the first quarter. Cigna Investments Inc. New now owns 42,426 shares of the company's stock valued at $192,000 after acquiring an additional 3,388 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.

Grab Trading Up 0.2%

Shares of NASDAQ:GRAB opened at $5.92 on Thursday. Grab Holdings Limited has a 12-month low of $3.36 and a 12-month high of $6.62. The business's fifty day simple moving average is $5.59 and its 200-day simple moving average is $5.05. The company has a market capitalization of $23.84 billion, a PE ratio of 148.04 and a beta of 0.88. 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $819.00 million for 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. As a group, equities research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a research report on Wednesday, October 8th. Hsbc Global Res lowered Grab from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. Finally, HSBC reaffirmed a "hold" rating and issued a $6.20 price objective on shares of Grab in a research note on Wednesday, September 17th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Grab currently has an average rating of "Moderate Buy" and a consensus target price of $5.90.

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.

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