Swiss National Bank Lowers Stake in Grab Holdings Limited $GRAB

Key Points

• The Swiss National Bank reduced its stake in Grab by 5.2% in Q3, selling 386,600 shares and now owning 7,095,000 shares (about 0.18% of the company) valued at roughly $42.7 million.
• Major institutions like Invesco, JPMorgan, State Street and Artisan increased their holdings while Norges Bank opened a new ~ $175 million position, leaving institutional investors with about 55.52% of the stock.
• Analysts hold a consensus Buy rating with a $6.47 price target; Grab recently beat EPS estimates ($0.04 vs. $0.01) but missed revenue, and the shares trade near $3.75 (12‑month range $3.36–$6.62).

Swiss National Bank cut its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 5.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,095,000 shares of the company's stock after selling 386,600 shares during the period. Swiss National Bank owned approximately 0.18% of Grab worth $42,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Invesco Ltd. boosted its position in Grab by 11.8% during the second quarter. Invesco Ltd. now owns 63,881,785 shares of the company's stock worth $321,325,000 after purchasing an additional 6,767,182 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Grab by 20.8% in the second quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company's stock valued at $304,092,000 after buying an additional 10,428,014 shares in the last quarter. State Street Corp increased its position in shares of Grab by 1.8% in the second quarter. State Street Corp now owns 43,322,397 shares of the company's stock valued at $217,912,000 after buying an additional 759,696 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Grab by 13.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 39,845,418 shares of the company's stock worth $200,422,000 after buying an additional 4,710,420 shares during the period. Finally, Norges Bank purchased a new position in shares of Grab during the 2nd quarter valued at approximately $175,192,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Benchmark reissued a "buy" rating on shares of Grab in a research note on Thursday, February 12th. Wall Street Zen upgraded shares of Grab from a "sell" rating to a "hold" rating in a research report on Friday, January 23rd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $5.80 target price on shares of Grab in a research report on Monday, January 26th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and set a $6.20 target price for the company in a research note on Friday, January 16th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Grab in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $6.47.

Grab Stock Down 3.6%

Shares of NASDAQ GRAB opened at $3.75 on Friday. The stock has a market cap of $15.10 billion, a PE ratio of 125.04, a P/E/G ratio of 0.87 and a beta of 0.93. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12-month low of $3.36 and a 12-month high of $6.62. The company has a 50-day moving average of $4.39 and a 200 day moving average of $5.14.

Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. The business had revenue of $906.00 million for the quarter, compared to analyst estimates of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. As a group, sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Grab Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing "super app" across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.

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