William Blair Investment Management LLC Has $106.39 Million Holdings in Grab Holdings Limited $GRAB

Key Points

• William Blair Investment Management LLC increased its stake in Grab Holdings by 70.0%, owning 21,150,368 shares valued at approximately $106.39 million as of the most recent filing.
• Grab's recent earnings report showed an earnings per share (EPS) of $0.01, matching analysts' expectations, with revenue surpassing estimates at $819 million.
• Analysts have a consensus rating of "Moderate Buy" for Grab's stock, with a target price average of $5.90, although HSBC downgraded its rating from "strong-buy" to "hold."

William Blair Investment Management LLC lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 70.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,150,368 shares of the company's stock after purchasing an additional 8,707,738 shares during the quarter. William Blair Investment Management LLC owned 0.53% of Grab worth $106,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nordea Investment Management AB increased its holdings in Grab by 2.6% in the 2nd quarter. Nordea Investment Management AB now owns 17,190,535 shares of the company's stock worth $87,586,000 after purchasing an additional 437,197 shares in the last quarter. S Bank Fund Management Ltd acquired a new position in Grab during the 2nd quarter worth about $1,610,000. WCM Investment Management LLC increased its stake in shares of Grab by 0.6% in the second quarter. WCM Investment Management LLC now owns 919,701 shares of the company's stock valued at $4,525,000 after buying an additional 5,283 shares during the period. Allianz Asset Management GmbH raised its position in shares of Grab by 2,244.7% during the second quarter. Allianz Asset Management GmbH now owns 527,782 shares of the company's stock worth $2,655,000 after acquiring an additional 505,272 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of Grab by 12.2% during the second quarter. TD Asset Management Inc now owns 822,204 shares of the company's stock worth $4,136,000 after acquiring an additional 89,474 shares during the last quarter. Institutional investors own 55.52% of the company's stock.

Grab Trading Down 1.2%

NASDAQ GRAB opened at $5.64 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.62. The business has a 50 day moving average price of $5.62 and a 200-day moving average price of $5.06. The company has a market cap of $22.71 billion, a price-to-earnings ratio of 141.04 and a beta of 0.88.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GRAB. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Grab in a research note on Wednesday, October 8th. HSBC restated a "hold" rating and issued a $6.20 target price on shares of Grab in a report on Wednesday, September 17th. Finally, Hsbc Global Res downgraded Grab from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $5.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.