Grab Holdings Limited $GRAB Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. cut its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 18.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,737 shares of the company’s stock after selling 10,000 shares during the quarter. Accredited Investors Inc.’s holdings in Grab were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Amundi boosted its holdings in Grab by 102.3% in the first quarter. Amundi now owns 3,349,450 shares of the company’s stock valued at $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 lifted its position in shares of Grab by 18.4% during the 1st 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 last quarter. SCS Capital Management LLC acquired a new position in shares of Grab in the 1st quarter valued at $1,197,000. Nordea Investment Management AB grew its position in shares of Grab by 2.6% in the 2nd quarter. Nordea Investment Management AB now owns 17,190,535 shares of the company’s stock valued at $87,586,000 after buying an additional 437,197 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Grab by 559.1% during the 2nd quarter. Exchange Traded Concepts LLC now owns 1,773,947 shares of the company’s stock worth $8,923,000 after acquiring an additional 1,504,799 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. HSBC reissued a “hold” rating and issued a $6.20 price target on shares of Grab in a research report on Wednesday, September 17th. Jefferies Financial Group reissued a “buy” rating and issued a $7.00 target price on shares of Grab in a report on Tuesday, November 4th. Wall Street Zen cut Grab from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, Mizuho set a $7.00 price objective on Grab in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.25.

Grab Trading Down 1.5%

Shares of GRAB stock opened at $5.79 on Thursday. The company has a market capitalization of $23.32 billion, a P/E ratio of 144.79 and a beta of 0.88. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $5.91 and its two-hundred day moving average is $5.29. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Grab had a return on equity of 1.91% and a net margin of 3.81%.The company had revenue of $873.00 million for the quarter, compared to analyst estimates of $870.44 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 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.