Matthews International Capital Management LLC Has $18.45 Million Stake in Grab Holdings Limited $GRAB

Key Points

• Matthews International Capital Management LLC increased its stake in Grab Holdings Limited by 1.3% in Q2, now owning approximately $18.45 million worth of shares, making it the firm's 6th largest investment.
• Grab reported earnings of $0.01 per share for the latest quarter, meeting analysts' expectations, with revenues reaching $819 million, slightly above consensus estimates.
• Brokerages have mixed ratings for Grab, with HSBC setting a "hold" rating and a price target of $6.20, while the consensus rating for the stock is "Moderate Buy."

Matthews International Capital Management LLC increased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,668,786 shares of the company's stock after buying an additional 46,549 shares during the period. Grab accounts for 4.2% of Matthews International Capital Management LLC's investment portfolio, making the stock its 6th biggest position. Matthews International Capital Management LLC owned approximately 0.09% of Grab worth $18,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. J. Safra Sarasin Holding AG boosted its holdings in Grab by 121.2% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 121,097 shares of the company's stock worth $609,000 after buying an additional 66,354 shares during the period. J2 Capital Management Inc boosted its holdings in Grab by 21.5% in the 2nd quarter. J2 Capital Management Inc now owns 12,189 shares of the company's stock valued at $61,000 after purchasing an additional 2,155 shares during the period. ASR Vermogensbeheer N.V. boosted its holdings in Grab by 3.5% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 433,976 shares of the company's stock valued at $2,183,000 after purchasing an additional 14,485 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Grab by 71.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 6,997,101 shares of the company's stock valued at $35,195,000 after purchasing an additional 2,905,134 shares during the period. Finally, LBP AM SA boosted its holdings in Grab by 2.0% in the 2nd quarter. LBP AM SA now owns 965,808 shares of the company's stock valued at $4,858,000 after purchasing an additional 18,625 shares during the period. 55.52% of the stock is owned by institutional investors.

Grab Stock Performance

NASDAQ GRAB opened at $6.16 on Friday. Grab Holdings Limited has a 52-week low of $3.36 and a 52-week high of $6.62. 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. The company has a fifty day moving average of $5.42 and a 200-day moving average of $4.97.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The company had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on GRAB. HSBC reissued a "hold" rating and issued a $6.20 price target on shares of Grab in a report on Wednesday, September 17th. Weiss Ratings reissued a "hold (c-)" rating on shares of Grab in a report on Saturday, September 27th. Finally, Hsbc Global Res downgraded shares of Grab from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Grab currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.90.

Grab Company 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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