Park Avenue Securities LLC Raises Stock Holdings in Grab Holdings Limited $GRAB

Park Avenue Securities LLC boosted its stake in Grab Holdings Limited (NASDAQ:GRAB) by 117.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 770,233 shares of the company’s stock after buying an additional 415,274 shares during the period. Park Avenue Securities LLC’s holdings in Grab were worth $3,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sowell Financial Services LLC raised its holdings in Grab by 18.8% in the 2nd quarter. Sowell Financial Services LLC now owns 13,953 shares of the company’s stock valued at $70,000 after buying an additional 2,206 shares during the period. Sequoia Financial Advisors LLC grew its position in Grab by 6.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 45,934 shares of the company’s stock valued at $208,000 after acquiring an additional 2,581 shares in the last quarter. Empowered Funds LLC grew its position in Grab by 6.2% in the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock valued at $239,000 after acquiring an additional 3,090 shares in the last quarter. Summit Securities Group LLC grew 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. Finally, Leibman Financial Services Inc. grew its position in Grab by 1.7% in the 1st quarter. Leibman Financial Services Inc. now owns 201,858 shares of the company’s stock valued at $914,000 after acquiring an additional 3,331 shares in the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Performance

Shares of GRAB opened at $6.45 on Tuesday. The stock has a 50 day moving average price of $5.27 and a 200 day moving average price of $4.86. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of 161.29 and a beta of 0.84. Grab Holdings Limited has a 52-week low of $3.36 and a 52-week high of $6.58.

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, meeting analysts’ consensus estimates of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The firm 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. Research analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. HSBC reaffirmed a “hold” rating and issued a $6.20 target price on shares of Grab in a research report on Wednesday, September 17th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently 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.