Mediolanum International Funds Ltd Purchases New Position in Grab Holdings Limited $GRAB

Mediolanum International Funds Ltd acquired a new position in Grab Holdings Limited (NASDAQ:GRAB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 733,286 shares of the company’s stock, valued at approximately $3,608,000.

Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of Grab by 9.8% during the second quarter. Legal & General Group Plc now owns 16,216,027 shares of the company’s stock worth $81,567,000 after acquiring an additional 1,447,991 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Grab by 20.8% in the second quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock valued at $304,092,000 after purchasing an additional 10,428,014 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Grab by 30.8% during the 2nd quarter. DNB Asset Management AS now owns 1,231,951 shares of the company’s stock valued at $6,197,000 after purchasing an additional 290,003 shares during the period. Swiss National Bank raised its stake in shares of Grab by 16.2% during the 2nd quarter. Swiss National Bank now owns 7,481,600 shares of the company’s stock valued at $37,632,000 after purchasing an additional 1,040,400 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in Grab by 61.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,371,158 shares of the company’s stock worth $6,897,000 after purchasing an additional 524,294 shares in the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Down 1.6%

Shares of NASDAQ GRAB opened at $4.90 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $5.89 and a 200-day moving average of $5.31. The firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of 122.53 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.

Grab (NASDAQ:GRAB) last announced its earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Grab had a net margin of 3.81% and a return on equity of 1.91%. The company had revenue of $873.00 million during the quarter, compared to analysts’ expectations of $870.44 million. Grab has set its FY 2025 guidance at EPS. Sell-side analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Barclays lifted their target price on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Wall Street Zen cut shares of Grab from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Benchmark upped their target price on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, HSBC reiterated a “hold” rating and issued a $6.20 target price on shares of Grab in a research note on Wednesday, September 17th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.37.

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.