Sumitomo Mitsui DS Asset Management Company Ltd Acquires 23,153 Shares of Grab Holdings Limited $GRAB

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291,586 shares of the company’s stock after purchasing an additional 23,153 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Grab were worth $1,467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers bought a new position in shares of Grab in the 4th quarter valued at about $321,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Grab by 186.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,891 shares of the company’s stock worth $146,000 after purchasing an additional 20,102 shares during the last quarter. ProShare Advisors LLC bought a new stake in Grab in the fourth quarter worth about $73,000. Vident Advisory LLC lifted its stake in Grab by 31.3% in the fourth quarter. Vident Advisory LLC now owns 65,694 shares of the company’s stock worth $310,000 after purchasing an additional 15,651 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Grab by 17.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,582,517 shares of the company’s stock valued at $68,829,000 after acquiring an additional 2,120,034 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Grab Price Performance

Shares of GRAB opened at $6.39 on Monday. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.50. The firm’s fifty day simple moving average is $5.24 and its 200-day simple moving average is $4.85. The firm has a market capitalization of $25.73 billion, a price-to-earnings ratio of 159.79 and a beta of 0.84. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The company had revenue of $819.00 million for the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. Equities analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GRAB has been the subject of several research analyst reports. HSBC reaffirmed a “hold” rating and set a $6.20 price target on shares of Grab in a research note on Wednesday, September 17th. Hsbc Global Res lowered shares of 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 four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently 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.