Grab Holdings Limited $GRAB Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC grew its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 354.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,889,769 shares of the company’s stock after acquiring an additional 1,473,925 shares during the quarter. Voya Investment Management LLC’s holdings in Grab were worth $8,561,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Amundi increased its position in Grab by 102.3% during the 1st quarter. Amundi now owns 3,349,450 shares of the company’s stock worth $14,269,000 after purchasing an additional 1,693,598 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Grab by 18.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,261,794 shares of the company’s stock worth $78,196,000 after buying an additional 2,679,277 shares during the period. SCS Capital Management LLC acquired a new stake in shares of Grab in the first quarter worth $1,197,000. Royal Bank of Canada increased its position in shares of Grab by 34.8% in the first quarter. Royal Bank of Canada now owns 7,206,698 shares of the company’s stock worth $32,646,000 after acquiring an additional 1,862,433 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Grab in the 1st quarter valued at $165,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HSBC reissued a “hold” rating and issued a $6.20 price objective on shares of Grab in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.90.

Grab Price Performance

GRAB stock opened at $6.10 on Thursday. The stock’s 50 day moving average is $5.18 and its two-hundred day moving average is $4.83. Grab Holdings Limited has a 52-week low of $3.36 and a 52-week high of $6.42. The company has a market capitalization of $24.56 billion, a PE ratio of 152.54 and a beta of 0.84. 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 (NASDAQ:GRAB) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share 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 net margin of 3.65% and a return on equity of 1.75%. Grab has set its FY 2025 guidance at EPS. Analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Grab 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.