Optas LLC Acquires 3,331 Shares of Grab Holdings Limited $GRAB

Optas LLC boosted its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 14.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,010 shares of the company’s stock after acquiring an additional 3,331 shares during the period. Optas LLC’s holdings in Grab were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GRAB. Rhumbline Advisers raised its stake in Grab by 1.1% in the 1st quarter. Rhumbline Advisers now owns 545,214 shares of the company’s stock valued at $2,470,000 after acquiring an additional 5,768 shares during the period. SG Americas Securities LLC grew its holdings in Grab by 98.9% in the 1st quarter. SG Americas Securities LLC now owns 227,950 shares of the company’s stock valued at $1,033,000 after buying an additional 113,373 shares in the last quarter. Polianta Ltd bought a new position in Grab during the 1st quarter worth $1,166,000. Elevation Point Wealth Partners LLC increased its position in Grab by 54.4% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 85,578 shares of the company’s stock worth $388,000 after buying an additional 30,139 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Grab by 669.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company’s stock worth $420,000 after buying an additional 80,602 shares during the period. Institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GRAB. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a research report on Wednesday. Hsbc Global Res cut Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, HSBC reiterated a “hold” rating and set a $6.20 price objective on shares of Grab in a research 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 stock. According to MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and an average target price of $5.90.

Grab Stock Performance

GRAB opened at $5.86 on Friday. The firm has a market cap of $23.60 billion, a P/E ratio of 146.54 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. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. The business’s fifty day moving average is $5.53 and its 200-day moving average is $5.02.

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

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.