Resona Asset Management Co. Ltd. Boosts Stake in Grab Holdings Limited $GRAB

Resona Asset Management Co. Ltd. boosted its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 776,191 shares of the company’s stock after buying an additional 47,380 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Grab were worth $3,893,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Grab during the 1st quarter worth approximately $85,143,000. PointState Capital LP increased its position in Grab by 50.6% in the first quarter. PointState Capital LP now owns 35,148,819 shares of the company’s stock worth $159,224,000 after purchasing an additional 11,804,514 shares during the last quarter. William Blair Investment Management LLC raised its stake in Grab by 70.0% during the second quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company’s stock valued at $106,386,000 after purchasing an additional 8,707,738 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Grab by 19.0% during the first quarter. JPMorgan Chase & Co. now owns 50,027,575 shares of the company’s stock valued at $226,625,000 after purchasing an additional 7,998,293 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Grab by 13.6% during the first quarter. Invesco Ltd. now owns 57,114,603 shares of the company’s stock valued at $258,729,000 after purchasing an additional 6,820,675 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on GRAB shares. Jefferies Financial Group restated a “buy” rating and issued a $7.00 target price on shares of Grab in a report on Tuesday, November 4th. HSBC reissued a “hold” rating and set a $6.20 price objective on shares of Grab in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a research note on Wednesday, October 8th. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, Benchmark increased their price target on Grab from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.39.

Grab Trading Up 6.1%

GRAB opened at $5.90 on Tuesday. 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’s 50 day moving average price is $5.87 and its 200-day moving average price is $5.28. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The stock has a market cap of $23.76 billion, a price-to-earnings ratio of 147.54 and a beta of 0.88.

Grab (NASDAQ:GRAB) last issued its quarterly 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 the consensus estimate 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. On average, equities analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current 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.