WFM ASIA BVI Ltd Raises Stake in Grab Holdings Limited $GRAB

WFM ASIA BVI Ltd increased its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,188,515 shares of the company’s stock after buying an additional 781,000 shares during the quarter. Grab accounts for about 16.9% of WFM ASIA BVI Ltd’s portfolio, making the stock its 3rd largest position. WFM ASIA BVI Ltd’s holdings in Grab were worth $156,878,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Amundi grew its holdings in shares of Grab by 102.3% during the first quarter. Amundi now owns 3,349,450 shares of the company’s stock valued at $14,269,000 after buying an additional 1,693,598 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Grab by 18.4% in the first 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 purchasing an additional 2,679,277 shares during the last quarter. SCS Capital Management LLC purchased a new position in shares of Grab in the first quarter worth about $1,197,000. Nordea Investment Management AB lifted its holdings in shares of Grab by 2.6% during the second quarter. Nordea Investment Management AB now owns 17,190,535 shares of the company’s stock worth $87,586,000 after purchasing an additional 437,197 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in Grab by 559.1% in the second quarter. Exchange Traded Concepts LLC now owns 1,773,947 shares of the company’s stock valued at $8,923,000 after buying an additional 1,504,799 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of research reports. HSBC restated a “hold” rating and set a $6.20 target price on shares of Grab in a research report on Wednesday, September 17th. Hsbc Global Res cut Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Wall Street Zen lowered Grab from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Barclays boosted their target price on shares of Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Grab Stock Up 1.0%

Shares of GRAB opened at $5.37 on Thursday. The stock has a 50 day moving average price of $5.93 and a 200 day moving average price of $5.31. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83. The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 134.16 and a beta of 0.88.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. Grab has set its FY 2025 guidance at EPS. Equities research analysts forecast that Grab Holdings Limited will post 0.05 earnings per share 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.