Envestnet Asset Management Inc. Raises Stock Holdings in Grab Holdings Limited $GRAB

Envestnet Asset Management Inc. increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 85.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 679,963 shares of the company’s stock after acquiring an additional 314,016 shares during the period. Envestnet Asset Management Inc.’s holdings in Grab were worth $3,420,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GRAB. Summit Securities Group LLC increased its stake in Grab by 63.6% in 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. Caitong International Asset Management Co. Ltd grew its holdings in shares of Grab by 51.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock worth $39,000 after purchasing an additional 2,634 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Grab in the first quarter worth about $45,000. Westwood Holdings Group Inc. purchased a new position in Grab in the 1st quarter worth about $51,000. Finally, Strategies Wealth Advisors LLC bought a new stake in Grab during the 1st quarter valued at about $57,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

Shares of GRAB stock opened at $5.41 on Friday. The company’s 50 day moving average is $5.92 and its 200 day moving average is $5.30. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. The firm has a market cap of $21.79 billion, a price-to-earnings ratio of 135.28 and a beta of 0.88. Grab Holdings Limited has a 52-week low of $3.36 and a 52-week high of $6.62.

Grab (NASDAQ:GRAB) last announced its earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Grab had a net margin of 3.81% and a return on equity of 1.91%. The company had revenue of $873.00 million for the quarter, compared to the consensus estimate of $870.44 million. Grab has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Benchmark upped their target price on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Wall Street Zen lowered Grab from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Mizuho set a $7.00 target price on Grab in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.25.

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.