Nordea Investment Management AB Purchases 437,197 Shares of Grab Holdings Limited $GRAB

Key Points

• Nordea Investment Management AB has increased its stake in Grab Holdings, acquiring 437,197 additional shares, bringing its total ownership to approximately 17.19 million shares valued at $87.6 million.
• Grab Holdings reported a net margin of 3.65% and earnings per share of $0.01, meeting analyst expectations for the most recent quarter revenue of $819 million.
• Analysts maintain a consensus rating of "Moderate Buy" for Grab, with an average price target of $5.90 after HSBC reaffirmed a "hold" rating on the stock.

Nordea Investment Management AB raised its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,190,535 shares of the company's stock after buying an additional 437,197 shares during the quarter. Nordea Investment Management AB owned about 0.43% of Grab worth $87,586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garde Capital Inc. bought a new stake in shares of Grab during the 1st quarter valued at approximately $29,000. Summit Securities Group LLC grew its holdings in shares of Grab by 63.6% during the 1st 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 during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Grab during the 1st quarter valued at approximately $45,000. Perigon Wealth Management LLC bought a new stake in shares of Grab during the 1st quarter valued at approximately $48,000. Finally, Intelligence Driven Advisers LLC bought a new stake in shares of Grab during the 1st quarter valued at approximately $48,000. 55.52% of the stock is owned by institutional investors.

Grab Trading Down 1.2%

GRAB opened at $5.64 on Friday. Grab Holdings Limited has a fifty-two week low of $3.36 and a fifty-two week high of $6.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 141.04 and a beta of 0.88. The company's 50 day moving average price is $5.62 and its two-hundred day moving average price is $5.07.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share 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 firm 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, research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. HSBC reaffirmed a "hold" rating and set a $6.20 price target on shares of Grab in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Grab in a report on Wednesday, October 8th. Finally, Hsbc Global Res lowered 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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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