Robeco Institutional Asset Management B.V. Grows Stake in Grab Holdings Limited $GRAB

Robeco Institutional Asset Management B.V. increased its position in Grab Holdings Limited (NASDAQ:GRAB) by 71.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,997,101 shares of the company’s stock after purchasing an additional 2,905,134 shares during the period. Robeco Institutional Asset Management B.V. owned 0.17% of Grab worth $35,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers increased its position in Grab by 1.1% in the 1st quarter. Rhumbline Advisers now owns 545,214 shares of the company’s stock valued at $2,470,000 after acquiring an additional 5,768 shares during the period. Fulton Bank N.A. acquired a new position in Grab in the 1st quarter valued at about $84,000. Intellectus Partners LLC acquired a new position in Grab in the 1st quarter valued at about $632,000. SeaCrest Wealth Management LLC acquired a new position in Grab in the 1st quarter valued at about $118,000. Finally, Udine Wealth Management Inc. acquired a new position in Grab in the 1st quarter valued at about $1,067,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Hsbc Global Res cut Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. HSBC restated a “hold” rating and issued a $6.20 price target on shares of Grab in a research report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a research report on Saturday, September 27th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.90.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $6.16 on Friday. The business’s 50 day simple moving average is $5.42 and its 200-day simple moving average is $4.97. The firm has a market capitalization of $24.81 billion, a price-to-earnings ratio of 154.04 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87. Grab Holdings Limited has a 12 month low of $3.36 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. Grab has set its FY 2025 guidance at EPS. As a group, equities 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.