Swedbank AB Makes New Investment in Grab Holdings Limited $GRAB

Key Points

• Swedbank AB has invested in Grab Holdings Limited, acquiring approximately 54,676 shares valued at $275,000 during the second quarter, reflecting growing institutional interest in the company.
• Grab has received a consensus rating of "Moderate Buy" from analysts, with a target price of $5.90, although HSBC recently downgraded its rating to "hold" with a price objective of $6.20.
• As of now, Grab Holdings has a market cap of $25.97 billion and recently reported earnings meeting analyst expectations, with quarterly revenue of $819 million.

Swedbank AB acquired a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 54,676 shares of the company's stock, valued at approximately $275,000.

Several other large investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Grab by 8.6% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 291,586 shares of the company's stock valued at $1,467,000 after acquiring an additional 23,153 shares during the period. Leibman Financial Services Inc. increased its holdings in shares of Grab by 9.9% in the second quarter. Leibman Financial Services Inc. now owns 221,743 shares of the company's stock worth $1,115,000 after acquiring an additional 19,885 shares in the last quarter. Centurion Wealth Management LLC increased its holdings in shares of Grab by 95.8% in the second quarter. Centurion Wealth Management LLC now owns 46,715 shares of the company's stock worth $235,000 after acquiring an additional 22,857 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Grab by 354.4% in the first quarter. Voya Investment Management LLC now owns 1,889,769 shares of the company's stock worth $8,561,000 after acquiring an additional 1,473,925 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Grab by 1.1% during the first quarter. Rhumbline Advisers now owns 545,214 shares of the company's stock worth $2,470,000 after buying an additional 5,768 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. HSBC reiterated a "hold" rating and set a $6.20 price objective on shares of Grab in a report on Wednesday, September 17th. Hsbc Global Res cut Grab from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Grab currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.90.

Grab Trading Up 0.9%

Shares of GRAB opened at $6.45 on Tuesday. Grab Holdings Limited has a 52-week low of $3.36 and a 52-week high of $6.58. The business's fifty day moving average is $5.27 and its 200-day moving average is $4.86. 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 firm has a market cap of $25.97 billion, a price-to-earnings ratio of 161.29 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) 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. Equities analysts anticipate 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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