SeaTown Holdings Pte. Ltd. Boosts Stock Holdings in Grab Holdings Limited $GRAB

SeaTown Holdings Pte. Ltd. raised its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 85.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,289,000 shares of the company’s stock after acquiring an additional 593,500 shares during the quarter. Grab makes up about 3.8% of SeaTown Holdings Pte. Ltd.’s holdings, making the stock its 16th largest holding. SeaTown Holdings Pte. Ltd.’s holdings in Grab were worth $6,484,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Amundi raised its stake in Grab by 102.3% in the 1st quarter. Amundi now owns 3,349,450 shares of the company’s stock valued at $14,269,000 after purchasing an additional 1,693,598 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Grab by 18.4% during 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 buying an additional 2,679,277 shares in the last quarter. SCS Capital Management LLC acquired a new stake in shares of Grab in the first quarter valued at about $1,197,000. Exchange Traded Concepts LLC raised its position in shares of 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. Finally, Voya Investment Management LLC lifted its stake in shares of Grab by 354.4% in the first quarter. Voya Investment Management LLC now owns 1,889,769 shares of the company’s stock worth $8,561,000 after buying an additional 1,473,925 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Performance

NASDAQ:GRAB opened at $6.39 on Tuesday. The company’s 50-day moving average is $5.44 and its two-hundred day moving average is $4.98. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year 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. The firm has a market capitalization of $25.73 billion, a price-to-earnings ratio of 159.79 and a beta of 0.88.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The business had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. Analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Ratings Changes

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

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.