FNY Investment Advisers LLC Boosts Stock Holdings in Grab Holdings Limited $GRAB

FNY Investment Advisers LLC boosted its position in Grab Holdings Limited (NASDAQ:GRAB) by 62.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,500 shares of the company’s stock after purchasing an additional 12,500 shares during the period. FNY Investment Advisers LLC’s holdings in Grab were worth $163,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GRAB. Janney Montgomery Scott LLC lifted its stake in Grab by 669.7% in the first quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company’s stock valued at $420,000 after purchasing an additional 80,602 shares during the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Grab during the first quarter worth $3,433,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Grab during the first quarter worth $108,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Grab during the first quarter worth $165,000. Finally, Asset Management One Co. Ltd. lifted its position in shares of Grab by 14.6% during the first quarter. Asset Management One Co. Ltd. now owns 879,588 shares of the company’s stock worth $3,985,000 after acquiring an additional 111,992 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. HSBC restated a “hold” rating and set a $6.20 target price on shares of Grab in a research report on Wednesday, September 17th. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Six 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, the company currently has an average rating of “Moderate Buy” and an average target price of $6.06.

Grab Trading Up 0.4%

Grab stock opened at $5.62 on Thursday. The stock has a market cap of $22.63 billion, a P/E ratio of 140.54 and a beta of 0.88. Grab Holdings Limited has a fifty-two week low of $3.36 and a fifty-two week high of $6.62. The firm’s fifty day moving average price is $5.66 and its 200-day moving average price is $5.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88.

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

Grab 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.