FNY Investment Advisers LLC Purchases 12,500 Shares of Grab Holdings Limited $GRAB

FNY Investment Advisers LLC boosted its position in Grab Holdings Limited (NASDAQ:GRAB) by 62.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,500 shares of the company’s stock after acquiring an additional 12,500 shares during the quarter. FNY Investment Advisers LLC’s holdings in Grab were worth $163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GRAB. Summit Securities Group LLC increased its stake in Grab by 63.6% in the first 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 during the last quarter. Proficio Capital Partners LLC bought a new position in Grab in the first quarter valued at $45,000. Perigon Wealth Management LLC bought a new position in Grab in the first quarter valued at $48,000. Intelligence Driven Advisers LLC bought a new position in Grab in the first quarter valued at $48,000. Finally, Westwood Holdings Group Inc. bought a new position in Grab in the first quarter valued at $51,000. Institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

Grab stock opened at $5.62 on Thursday. 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 firm has a 50-day moving average of $5.66 and a 200-day moving average of $5.09. The firm has a market cap of $22.63 billion, a P/E ratio of 140.54 and a beta of 0.88. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $819.00 million during the quarter, compared to analyst estimates of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. Grab has set its FY 2025 guidance at EPS. Sell-side analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on GRAB shares. HSBC restated a “hold” rating and set a $6.20 price target on shares of Grab in a research report on Wednesday, September 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Finally, Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Grab presently has a consensus rating of “Moderate Buy” and an average target price of $6.06.

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.