Metis Global Partners LLC Acquires 22,200 Shares of Grab Holdings Limited $GRAB

Metis Global Partners LLC increased its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 37.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,238 shares of the company’s stock after buying an additional 22,200 shares during the period. Metis Global Partners LLC’s holdings in Grab were worth $409,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Summit Securities Group LLC increased its position in Grab by 63.6% in the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock valued at $37,000 after acquiring an additional 3,199 shares in the last quarter. Caitong International Asset Management Co. Ltd grew 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 last quarter. Proficio Capital Partners LLC bought a new position in Grab in the first quarter valued at approximately $45,000. Westwood Holdings Group Inc. acquired a new stake in Grab during the 1st quarter worth $51,000. Finally, Savant Capital LLC acquired a new stake in Grab during the 2nd quarter worth $51,000. Institutional investors own 55.52% of the company’s stock.

Grab Trading Down 1.5%

NASDAQ GRAB opened at $5.79 on Thursday. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.83 and a quick ratio of 1.81. The firm has a market cap of $23.32 billion, a P/E ratio of 144.79 and a beta of 0.88. The stock’s 50-day moving average is $5.91 and its 200-day moving average is $5.29.

Grab (NASDAQ:GRAB) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $870.44 million. Grab had a net margin of 3.81% and a return on equity of 1.91%. Grab has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GRAB shares. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. HSBC reissued a “hold” rating and issued a $6.20 target price on shares of Grab in a research note on Wednesday, September 17th. Benchmark boosted their target price on Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of Grab from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.25.

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.