Olympiad Research LP Sells 21,359 Shares of Grab Holdings Limited $GRAB

Olympiad Research LP reduced its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 28.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,615 shares of the company’s stock after selling 21,359 shares during the period. Olympiad Research LP’s holdings in Grab were worth $265,000 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. Invesco Ltd. grew its holdings in Grab by 13.6% during the 1st quarter. Invesco Ltd. now owns 57,114,603 shares of the company’s stock worth $258,729,000 after acquiring an additional 6,820,675 shares during the last quarter. Baillie Gifford & Co. raised its position in Grab by 7.3% during the 1st quarter. Baillie Gifford & Co. now owns 50,443,998 shares of the company’s stock worth $228,511,000 after purchasing an additional 3,422,289 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Grab by 19.0% in the first quarter. JPMorgan Chase & Co. now owns 50,027,575 shares of the company’s stock worth $226,625,000 after acquiring an additional 7,998,293 shares during the period. PointState Capital LP boosted its holdings in Grab by 50.6% in the first quarter. PointState Capital LP now owns 35,148,819 shares of the company’s stock valued at $159,224,000 after acquiring an additional 11,804,514 shares during the last quarter. Finally, Coronation Fund Managers Ltd. raised its holdings in Grab by 12.1% during the 1st quarter. Coronation Fund Managers Ltd. now owns 32,063,601 shares of the company’s stock worth $145,248,000 after purchasing an additional 3,472,193 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Hsbc Global Res downgraded shares of Grab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. HSBC reaffirmed a “hold” rating and set a $6.20 price objective on shares of Grab in a research report on Wednesday, September 17th. Mizuho set a $7.00 target price on Grab in a report on Tuesday, November 4th. Benchmark raised their price objective on shares of Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of Grab from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

Grab Price Performance

GRAB opened at $5.54 on Friday. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 138.53 and a beta of 0.88. 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 50-day moving average price of $5.92 and a 200-day moving average price of $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 posted 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 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 analysts’ expectations of $870.44 million. Grab has set its FY 2025 guidance at EPS. Equities analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

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.