Toth Financial Advisory Corp Makes New $211,000 Investment in Grab Holdings Limited $GRAB

Key Points

• Toth Financial Advisory Corp has invested approximately $211,000 in Grab Holdings Limited, purchasing 41,850 shares during the second quarter.
• Multiple institutional investors have significantly increased their holdings in Grab, with Assenagon Asset Management S.A. boosting their stake by 111.4% in the first quarter alone.
• Grab has an average analyst rating of "Moderate Buy" with a consensus target price of $5.90, although HSBC recently downgraded their rating from "strong-buy" to "hold."

Toth Financial Advisory Corp purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 41,850 shares of the company's stock, valued at approximately $211,000.

Several other large investors also recently made changes to their positions in GRAB. Garde Capital Inc. bought a new position in Grab in the first quarter valued at about $29,000. Summit Securities Group LLC raised its position 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 worth $37,000 after purchasing an additional 3,199 shares during the period. J2 Capital Management Inc acquired a new stake in shares of Grab during the first quarter worth about $45,000. Proficio Capital Partners LLC acquired a new stake in shares of Grab during the first quarter worth about $45,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Grab during the first quarter worth about $48,000. Institutional investors own 55.52% of the company's stock.

Grab Stock Up 0.9%

NASDAQ:GRAB traded up $0.06 on Monday, hitting $6.45. The stock had a trading volume of 96,170,339 shares, compared to its average volume of 52,382,752. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.58. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The business's fifty day moving average is $5.27 and its 200 day moving average is $4.86. The company has a market cap of $25.97 billion, a PE ratio of 161.29 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $819.00 million during 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. On average, equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Hsbc Global Res downgraded Grab from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. HSBC reiterated a "hold" rating and set a $6.20 target price 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 four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.