Thornburg Investment Management Inc. Has $380,000 Position in Grab Holdings Limited $GRAB

Thornburg Investment Management Inc. lessened its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 58.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,486 shares of the company’s stock after selling 104,490 shares during the period. Thornburg Investment Management Inc.’s holdings in Grab were worth $380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GRAB. Nuveen LLC acquired a new stake in Grab during the 1st quarter worth approximately $85,143,000. PointState Capital LP boosted its holdings in shares of 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 buying an additional 11,804,514 shares during the period. JPMorgan Chase & Co. increased its position in shares of Grab by 20.8% during the second quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock worth $304,092,000 after acquiring an additional 10,428,014 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Grab by 70.0% during the second quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company’s stock worth $106,386,000 after acquiring an additional 8,707,738 shares during the period. Finally, Invesco Ltd. lifted its position in Grab by 13.6% in the 1st quarter. Invesco Ltd. now owns 57,114,603 shares of the company’s stock valued at $258,729,000 after acquiring an additional 6,820,675 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of GRAB stock opened at $5.32 on Thursday. The company has a fifty day moving average price of $5.84 and a two-hundred day moving average price of $5.32. 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 $21.42 billion, a P/E ratio of 133.03 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.83 and a quick ratio of 1.81.

Grab (NASDAQ:GRAB) last issued 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). Grab had a net margin of 3.81% and a return on equity of 1.91%. The firm had revenue of $873.00 million during the quarter, compared to the consensus estimate of $870.44 million. Grab has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

GRAB has been the topic of several recent research reports. Mizuho set a $7.00 price target on Grab in a research note on Tuesday, November 4th. Barclays boosted their target price on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Benchmark upped their price target on Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Wednesday, October 8th. Finally, Wall Street Zen cut 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 four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.37.

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.