Grab Holdings Limited $GRAB Shares Sold by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC reduced its stake in Grab Holdings Limited (NASDAQ:GRAB) by 72.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,318 shares of the company’s stock after selling 62,260 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Grab were worth $117,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GRAB. J2 Capital Management Inc raised its holdings in shares of Grab by 21.5% during the 2nd quarter. J2 Capital Management Inc now owns 12,189 shares of the company’s stock valued at $61,000 after buying an additional 2,155 shares during the period. Sowell Financial Services LLC grew its position in Grab by 18.8% in the second quarter. Sowell Financial Services LLC now owns 13,953 shares of the company’s stock valued at $70,000 after acquiring an additional 2,206 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Grab by 51.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after purchasing an additional 2,634 shares during the period. Genus Capital Management Inc. raised its stake in shares of Grab by 3.4% during the second quarter. Genus Capital Management Inc. now owns 91,286 shares of the company’s stock valued at $459,000 after purchasing an additional 3,000 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after purchasing an additional 3,090 shares in the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Stock Up 2.4%

NASDAQ:GRAB opened at $5.45 on Monday. 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 company has a market capitalization of $21.95 billion, a price-to-earnings ratio of 136.28 and a beta of 0.89. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The stock has a 50-day simple moving average of $5.80 and a 200 day simple moving average of $5.32.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, November 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm 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. Sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GRAB shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a report on Wednesday, October 8th. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Wall Street Zen cut Grab from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Benchmark raised their price objective on Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group restated a “buy” rating and set a $7.00 price objective on shares of Grab in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.