Nordea Investment Management AB Purchases 437,197 Shares of Grab Holdings Limited $GRAB

Nordea Investment Management AB grew its position in Grab Holdings Limited (NASDAQ:GRAB) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,190,535 shares of the company’s stock after purchasing an additional 437,197 shares during the quarter. Nordea Investment Management AB’s holdings in Grab were worth $87,586,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. S Bank Fund Management Ltd acquired a new position in shares of Grab during the 2nd quarter valued at $1,610,000. WCM Investment Management LLC lifted its position in shares of Grab by 0.6% during the 2nd quarter. WCM Investment Management LLC now owns 919,701 shares of the company’s stock valued at $4,525,000 after acquiring an additional 5,283 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Grab by 2,244.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 527,782 shares of the company’s stock valued at $2,655,000 after acquiring an additional 505,272 shares during the period. TD Asset Management Inc lifted its position in shares of Grab by 12.2% during the 2nd quarter. TD Asset Management Inc now owns 822,204 shares of the company’s stock valued at $4,136,000 after acquiring an additional 89,474 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Grab by 15.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 52,805 shares of the company’s stock valued at $266,000 after acquiring an additional 6,871 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

GRAB has been the topic of a number of research reports. HSBC reiterated 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 shares of Grab from a “strong-buy” rating to a “hold” rating 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 Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Grab Stock Performance

GRAB opened at $5.64 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $5.62 and its two-hundred day moving average price is $5.07. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62. The company has a market cap of $22.71 billion, a price-to-earnings ratio of 141.04 and a beta of 0.88.

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