Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in Grab Holdings Limited $GRAB

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 22.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,148,051 shares of the company’s stock after purchasing an additional 391,045 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.05% of Grab worth $10,805,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Grab by 10.6% during the first quarter. Bank of New York Mellon Corp now owns 4,004,362 shares of the company’s stock valued at $18,140,000 after buying an additional 384,917 shares during the period. Envestnet Asset Management Inc. raised its holdings in Grab by 21.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 365,947 shares of the company’s stock valued at $1,658,000 after acquiring an additional 63,547 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Grab by 82.9% during the 1st quarter. Cerity Partners LLC now owns 84,597 shares of the company’s stock worth $383,000 after purchasing an additional 38,342 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Grab by 12.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 101,936 shares of the company’s stock worth $462,000 after purchasing an additional 10,980 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Grab by 56.4% in the first quarter. Private Advisor Group LLC now owns 31,905 shares of the company’s stock valued at $145,000 after purchasing an additional 11,508 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on GRAB shares. Jefferies Financial Group reiterated a “buy” rating and issued a $7.00 target price on shares of Grab in a research note on Tuesday, November 4th. HSBC reaffirmed a “hold” rating and set a $6.20 price objective on shares of Grab in a research note on Wednesday, September 17th. Wall Street Zen lowered shares of Grab from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Finally, Mizuho set a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

Grab Stock Performance

Grab stock opened at $5.79 on Thursday. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 144.79 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 0.05, a current ratio of 1.83 and a quick ratio of 1.81. 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 earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (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 analysts’ expectations 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. Equities analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current 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.