111 Capital Cuts Stock Holdings in Grab Holdings Limited $GRAB

111 Capital reduced its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 23.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,258,593 shares of the company’s stock after selling 375,182 shares during the period. Grab comprises approximately 1.1% of 111 Capital’s holdings, making the stock its 13th largest position. 111 Capital’s holdings in Grab were worth $6,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Garde Capital Inc. purchased a new position in Grab during the first quarter worth about $29,000. Summit Securities Group LLC increased its holdings in Grab by 63.6% in the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock valued at $37,000 after buying an additional 3,199 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Grab in the first quarter valued at about $45,000. Perigon Wealth Management LLC purchased a new position in Grab in the first quarter valued at about $48,000. Finally, Intelligence Driven Advisers LLC purchased a new position in Grab in the first quarter valued at about $48,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of research analyst reports. Hsbc Global Res cut shares of Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. HSBC reaffirmed a “hold” rating and issued a $6.20 target price on shares of Grab in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a research report on Saturday, September 27th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.90.

Grab Stock Up 1.8%

GRAB stock opened at $6.16 on Friday. The company’s 50 day simple moving average is $5.42 and its 200-day simple moving average is $4.97. The firm has a market capitalization of $24.81 billion, a PE ratio of 154.04 and a beta of 0.88. Grab Holdings Limited has a 12 month low of $3.36 and a 12 month high of $6.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The company had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab has set its FY 2025 guidance at EPS. Equities analysts expect 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.